Commodities & crypto stats

Copper extends its retreat

Comex copper futures for December delivery fell 1.2% to $6.5810 a pound in the update published Oct 16, 2026, at 6:39 AM ET, according to the supplied summary accompanying ScrapMonster’s report.

The contract was heading toward a third consecutive daily decline. That losing streak remained provisional: the update described trading in progress, not a completed session.

Copper stood 4.5% below its record closing price of $6.89. The summary places that record in September but cuts off before giving the full date.

The supplied material contains no cryptocurrency prices or performance figures. It therefore supports a copper update rather than a broader comparison of commodities and crypto.

What it means for prediction markets

• Closing conditions matter: The reported decline does not establish a third daily loss until the session finishes.
• Match the benchmark: The $6.5810 quote concerns Comex copper for December delivery; it should not be treated as a price for every copper contract.
• No probability update is supplied: The material includes no prediction-market odds, so it does not establish how event probabilities have changed.