# Panama Hits $5M, $110 Brent, Indonesia Nickel Cuts, and Cocoa Shortage

An episode of [The Commodities Trade Institute Podcast](https://invisiblenetwork.ai/podcast/1826784341), 17 Sep 2026, 8:04.

Audio: https://anchor.fm/s/10747c694/podcast/play/125876244/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-8-17%2F432087902-44100-2-6036939f56c03.m4a

Panama Canal transit auction bids reach a record five million dollars just as daily vessel transits are cut to thirty-two, colliding with the autumn retail import surge and rerouted Middle East energy flows. Crude oil tests one hundred ten dollars a barrel following drone strikes on Saudi Arabia's East-West Pipeline, while European natural gas storage sits sixteen points below seasonal norms and Asian spot liquefied natural gas prices hold at twenty-six dollars per million British thermal units. Concurrently, Indonesia reduces its nickel ore pricing factor to fourteen percent to protect electric vehicle battery processors, European critical raw material projects face severe financing shortfalls, Ghana confronts a four-billion-cedi cocoa payment deficit, and India weighs cutting edible oil import duties by five percent to curb twenty percent food inflation. https://www.commoditiesinstitute.com FOLLOW US @commoditiesinstitute Instagram - https://www.instagram.com/commoditiesinstitute Facebook - https://www.facebook.com/61584221970761 TikTok - https://www.tiktok.com/@commoditiesinstitute YouTube - https://www.youtube.com/@commoditiesinstitute Listen to the Podcast: Spotify Podcast - https://open.spotify.com/show/6eO2y40mmH5J8boeF0ANjJ Apple Podcast - https://podcasts.apple.com/us/podcast/the-commodities-institute-podcast/id1826784341 Commodities Market Oil Metals News Trading Agriculture Policy Politics Energy

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.