The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.

0245 GMT - Palm oil falls in Asian trading, weighed by cautious sentiment ahead of the key Malaysian Palm Oil Board supply-demand data, says David Ng, trader at Kuala Lumpur-based Iceberg X. Concerns about persistently high inventories are also keeping a lid on prices, he adds. Ng expects crude palm oil futures to find support at 4,500 ringgit a ton and face resistance at 4,650 ringgit a ton.The Bursa Malaysia Derivatives contract for December delivery is down 21 ringgit at 4,539 ringgit a ton. (yingxian.wong@wsj.com)

0204 GMT - Malaysia's Budget 2027 is expected to offer policy support to favor domestic manufacturing and strengthen the automotive supply chain, says Affin Hwang IB analyst Afifah Ishak in a note. This should benefit companies with meaningful manufacturing footprints in Malaysia, including selected auto-part suppliers, while companies with limited local value-added activities could face pressure, she says. The shift could benefit auto assembler Inokom, owned by Sime Darby and Bermaz Auto, if stricter requirements encourage vehicle manufacturers to move from imports to local assembly. Malaysia's automotive supply chain remains concentrated in traditional components, while capabilities in higher-value areas such as EV batteries and electric drivetrains are still at an early stage of development, she notes. Affin Hwang maintains a neutral rating on Malaysia's auto and auto-parts sector. (yingxian.wong@wsj.com)

0110 GMT - Glencore's ASX debut, due on Oct. 14, comes at a time of improving operational and financial performance for the miner, says UBS. Glencore's Ebitda jumped in FY 2026 and copper's contribution to earnings is rising, progressively reshaping its portfolio away from thermal coal, UBS says. "The Marketing division remains a key differentiator versus BHP and RIO, providing earnings diversification that can behave differently from mining operations through the commodity cycle," says the bank. Still, UBS says BHP remains the sector leader for earnings scale and durability. "Unlike peers where a larger proportion of future value creation is tied to project execution, BHP's earnings are predominantly generated by operations already running at scale, including the world's largest listed copper franchise and the sector's most profitable iron ore business," it says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0037 GMT - Gold edges lower in Asian trade. Investors could be waiting for the Federal Reserve's September meeting minutes due Wednesday in the U.S. for fresh clues on its monetary policy outlook, says UOB's Global Economics & Markets Research team in a note. A higher interest-rate environment typically weighs on nonyielding assets such as gold. Spot gold declines 0.2% to $4,156.50 a troy ounce. (megan.cheah@wsj.com)

1936 GMT - Crude futures recover from early losses and settle fractionally higher with market optimism about increased shipments out of the Middle East tempered by continued conflict risk. Crude markets "recovered into the plus column but with upside still limited by the increased flow of tanker traffic through the Strait of Hormuz," Ritterbusch & Associates says in a note. Risk of renewed disruptions remain if Iran steps up attacks on vessels or the Houthis succeed in restricting crude movement through the East-West pipeline to the Red Sea, the firm adds. WTI settles up 1 cent at $89.44 a barrel and Brent edges up 0.3% to $100.58 a barrel. (anthony.harrup@wsj.com)

1919 GMT - U.S. natural gas futures stretch gains to three sessions, supported by lower production, lingering cooling demand and LNG flows. Weather and LNG are the key demand factors, but "neither provides clear evidence of a new demand surge," Gelber & Associates says in a note. Colder conditions later in October could increase heating consumption, but if production recovers "November gas will have to rely more heavily on a sustained increase in demand to hold its advance above $3.10." Nymex gas for November delivery settles up 1.6% at $3.114/mmBtu.(anthony.harrup@wsj.com)

1914 GMT - Most-active live cattle futures on the CME rose 1.9% to $2.2405 a pound. It brings cattle to its highest since Aug. 12.The contract has been followingboxed beef prices, which have been rebounding in recent days. Today's higher close snaps a two-day losing streak for cattle futures, according to data from FactSet. Meanwhile, lean hog futures fell 0.8%, sliding to 70.375 cents a pound. Today's loss snaps a two-day winning streak for the hogs contract. (kirk.maltais@wsj.com)

1850 GMT - Gold futures snap a two-session losing streak as the U.S. dollar pulls back and yields ease. The outlook for gold remains fragile despite the recovery, Fawad Razaqzada of Forex.com says in a note. "While dovish Federal Reserve repricing and lower oil prices in the last couple of days has provided some support, the metal is still undermined by the elevated yields and the risk that oil prices may rebound and create fresh volatility for financial markets," he says. Uncertainty over the U.S.-Iran situation is a source of pressure, while central bank buying means downside is also limited, he adds. Front month gold settles up 0.7% in New York at $4,159.20 a troy ounce. Silver gains 0.5% to $61.168 a troy ounce. (anthony.harrup@wsj.com)

1837 GMT - U.S. farmers turned more pessimistic in September, thanks to higher input costs pressuring farmer's bottom lines. In the latest Ag Economy Barometer produced by Purdue University and the CME Group, farmer sentiment in September fell from 135 to 123. More farmers surveyed in September expect their finances to be 'worse off' a year from now than 'better', although many farmers do see some bright spots on the horizon. "While higher costs and financial pressures are clearly shaping producers' views of current conditions, strong expectations for farmland values point to a more positive outlook for some aspects of the agricultural economy," says Michael Langemeier of Purdue's Center for Commercial Agriculture. (kirk.maltais@wsj.com)

1642 GMT - Gold futures attempt a recovery as the U.S. dollar eases from yesterday's 18-month high. "Softer oil prices today are adding a further tailwind for bullion," Kaynat Chainwala of Kotak Neo says in a note. Lower expectations for a Fed October interest-rate increase are also supportive, she adds. "Attention now turns to Wednesday's FOMC minutes, which should offer more clarity on how divided policymakers are over the path ahead." Gold for December delivery is up 0.8% in New York at $4,190.30 a troy ounce. Silver is up 0.5% at $61.63 a troy ounce. (anthony.harrup@wsj.com)

1631 GMT - CBOT wheat futures are up 1%, with more-intense fighting in the Black Sea creating a need for traders to lock in higher risk premiums for their contracts. "A fresh round of heavy Russian attacks on the Ukraine port complex in Odesa were reported," says Mike O'Dea of StoneX in a note. "But the main story was the sinking of a coaster vessel that had loaded corn in the Ukraine port of Izmail bound for Italy just off Romanian waters with some of the crew killed." The fresh wave of fighting may mean that no peace deal is around the corner, says O'Dea. Corn rises 1.7%, and soybeans are up 1.2%. (kirk.maltais@wsj.com)

1521 GMT - President Trump's executive order temporarily allowing the use of red-dyed tax-free diesel by truckers who would normally use a taxed product is seen as having a limited benefit for U.S. farmers struggling with rising input costs. Red-dyed diesel is already being used by farmers to power farm machinery like tractors and combines, so the savings really goes to farmers transporting their harvests via trucks. But there's a way for this to backfire on farmers, says Jim Wiesemeyer of Ag Bull in a note. "Opening those inventories to additional highway customers could also increase competition for supplies at rural distributors during harvest," he says. Corn rises 0.9%, soybeans are up 0.9%, and wheat climbs 0.3%.