Rio Tinto's copper operations are heavily focused in the U.S., providing a natural hedge against potential tariffs and trade disputes that could disrupt global supply chains.

Gold is on a historic run. After hitting more than 50 new all-time highs last year, the yellow metal has surged to a new all-time high above $5,000 an ounce, a once-unthinkable amount.

Cotton was lower as the U.S. Dollar was stronger and the weekly export sales report showed very strong demand.