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

0911 ET - Coffee prices provided a jolt to J.M. Smucker's sales during the latest quarter. CEO Mark Smucker says in prepared earnings remarks that net sales from coffee grew 13%, reflecting higher prices and volume/mix growth. "Net sales growth was driven by increases across all brands, demonstrating the strength of our portfolio, which includes three of the top six brands in the at-home coffee category," he adds. Still, green coffee commodity costs remain volatile, and the company says it will continue to adjust pricing as its cost structures evolve. "In a sustained deflationary environment, we would consider additional pricing actions as lower costs flow through our results," Smucker says. J.M. Smucker is up 5% premarket after lifting its outlook for the year. (connor.hart@wsj.com)

0900 ET - The slide in oil futures extends into a third session with renewed moves seen toward a reopening of the Strait of Hormuz after the U.S. outlined tighter economic sanctions on Iran. The oil market had been "seriously spooked" by the announcements of new measures a week earlier, but "breathed a sigh of relief at the Treasury's rather modest measures and began to unwind their long positions in Brent in line with the 'buy the rumor, sell the fact' principle," FxPro chief market analyst Alex Kuptsikevich says in a note. "The selloff then continued against the backdrop of a de-escalation of the conflict in the Middle East." WTI is down 2.4% at $80.39 a barrel and Brent is off 2.5% at $86.38.(anthony.harrup@wsj.com)

0751 ET - Metal miners' stocks rise in London as copper prices hold near record highs. Higher copper prices are the result of markets adjusting for potential U.S. import tariffs next year, AJ Bell's Russ Mould writes. Copper trades flat at $14,385 a metric ton. Gold and silver slip but remain elevated, with gold contracts down 0.4% at $4,675.50 a troy ounce while silver contracts fall 0.2% to $68.52 an ounce. Hochschild Mining leads the sector, rising 7.3% after posting strong first-half earnings. Antofagasta adds 2.8%, while Fresnillo and Endeavour Mining jump 1.4% and 1.2%, respectively. Anglo American adds 1.1%.(josephmichael.stonor@wsj.com)

0700 ET - Palm oil fell during the Asian trading session. Sentiment was likely weighed by overnight weakness in rival soy oil, profit taking following a recent rally and concerns over softer August export demand, Kenanga Futures write in a note. AmSpec data showed palm oil exports fell 11% on month for the Aug. 1-25 period. However, expectations of lower palm oil production and ongoing supply risks could help cushion further downside, it adds. The Bursa Malaysia Derivatives contract for November delivery fell 93 ringgit to 4,853 ringgit a ton. (kimberley.kao@wsj.com)

0405 ET - New York gold futures trade broadly flat at $4,686 a troy ounce in morning European trade. Traders are waiting for U.S. Federal Reserve Chair Kevin Warsh to speak at the Jackson Hole gathering on Friday. The market wants to know how the Fed will respond to various inflation scenarios, ANZ analysts write. Higher interest rates weigh on non-yielding assets like gold. (adam.whittaker@wsj.com)

0333 ET - Oil prices held below $90 a barrel as a flurry of positive headlines around U.S.-Iran peace talks soothed oil traders. In early European trading, Brent crude contracts for October delivery fall 2.5% to $86.38 a barrel, while WTI contracts fall 2.6% to $80.20 a barrel. Iran and Oman diplomats discussed a framework that would allow shipping to resume through the Strait of Hormuz, the countries said in a joint statement. Meanwhile, "anecdotal evidence suggests there is an increasing flow of vessels utilizing the Omani route through Hormuz," ANZ analysts said. In addition, Axios reported that around 40 ships transited the strait over the weekend, while The New York Times reported U.S. diplomats would return to the Middle East. (josephmichael.stonor@wsj.com)

2248 ET - Iron ore prices rise in Asian trade on better fundamentals. Iron ore's supply and demand situation has improved in August amid inventory destocking, Nanhua Futures says in a research note. There has been little increase in iron-ore shipment arrivals in China while steel mills have started to resume production, it notes. As available molten iron declines, there is rising demand for iron ore to sustain steel production, it says. But as 2H supply of iron ore is expected to be abundant, gains in iron ore prices could be limited. The most actively traded January iron ore contract on the Dalian Commodity Exchange is up 0.3% at 718.50 yuan a ton. (sherry.qin@wsj.com)

2245 ET - Palm oil falls in Asian trading amid cautious sentiment. Markets are monitoring Malaysia's August production estimates, AmInvestment Bank says in a note. Expectations of marginally higher or stable production could add to inventories and limit further upside to prices, it says. The upcoming monsoon season is expected to mitigate the potential impact of a super El Nino on Malaysia's palm-oil production. However, rainfall from September to November will remain crucial in determining the severity of the weather impact, it adds. AmInvestment Bank estimates palm oil prices to face resistance at 4,994 ringgit a ton and find support at 4,914 ringgit a ton. The Bursa Malaysia Derivatives contract for November delivery is down 28 ringgit at 4,918 ringgit a ton. (yingxian.wong@wsj.com)

2242 ET - Perseus Mining "has placed a strong emphasis on returning capital to shareholders," says Citi. The gold miner's FY dividend of A$0.14 a share is 20% higher than consensus, Citi says. It also notes the miner's new dividend policy and proposed special distribution from the Meyas Sand sale. Perseus also reported increases to its resources and reserve estimates. "We expect the stronger outlook of shareholder returns and increased mine life will be taken positively, offset by the higher than expected capex," Citi says. Perseus provided FY27 guidance for sustaining capital that's 34% higher than consensus, says Citi. Its development capital estimate is 16% higher, the bank says. Citi has a buy-high risk rating on Perseus, with a A$6.80 a share target. Shares are up 11% at A$6.79. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2215 ET - Worley's FY26 earnings are broadly in line with consensus, but its FY27 guide falls short of expectations, says Barrenjoey. "The focus of the result will be on FY27 Ebita guidance for mid-to-high single-digit growth[consensus +11%], which is also expected to have a higher 2H skew than normal," the bank says. Barrenjoey also highlights a decline in Worley's backlog to A$13.8 billion at June 30 from A$16.9 billion in March. It has a neutral rating and A$12.70 per share target on Worley. The stock is down 10% at A$9.97/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2204 ET - Sandfire Resources posts "a very strong result" with a dividend beat, says Morgans. The copper miner's final dividend of 0.35 Australian dollar a share compares with an estimate of A$0.19/share by Morgans and the market more broadly, the broker says. Underlying Ebitda and profit are in line with expectations, albeit were "preguided at the quarterly" last month, Morgans says. The fiscal 2027 cost and capex guidance is also in line with expectations, it says. Morgans has an accumulate rating on Sandfire, with a A$22/share target. The stock is up 7.8% at A$24.55. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2134 ET - Copper edges lower in the Asian session, with the three-month copper futures contract on the London Metal Exchange down 0.1% at $14,334.00 a metric ton. The tariff-related review of the U.S. copper market was due around two weeks ago, but the White House has remained silent on the topic, which suggests President Trump hasn't made up his mind about imposing tariffs, Julius Baer's Carsten Menke says. Doing nothing leaves the copper market in limbo, says Menke. The broadly upward trend for prices could continue in the short term as there isn't a deadline for Trump's decision, he adds. Still, "the copper market's current tightness is artificial, not genuine, suggesting that prices should return to more fundamentally justified levels in the medium term," he adds.