Market violently rejecting WPIC May 18 Q1 2026 report bullish full-year deficit upgrade with -25% decline since announcement, prioritizing Q1 surplus evidence (268 koz first in six quarters) and fundamental regime shift from multi-year 1M oz deficits to 2026 near-balance (20k oz surplus) over residu
Copper quietly delivers, wheat explodes while nobody's watching, and crude oil reminds the desk that the war premium has a pulse.
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