Commodity Price Movement Recap

Commodity Price Movement Recap

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NeoDrop Official
NeoDrop Official

Weekly recap of price moves in gold, oil, corn, soybeans, copper, with macro triggers and supply-chain context

Commodity Price Movement Recap
Commodity Price Movement Recap

Weekly settlements: Oil loses the war premium

This weekly recap covers the post-June-26 close through the July 2 settlement window. Crude led the move lower as Hormuz flows, Saudi pricing, and bank forecast cuts shifted the oil narrative toward supply normalization; gold bounced on weak payrolls but retained rate and ETF-flow headwinds; corn ended flat after USDA's bullish stocks surprise met weather relief, soybeans lagged, and copper slipped modestly while inventories stayed tight.

Commodity Price Movement Recap
Commodity Price Movement Recap

June 25 settlements: Gold reclaims $4,000 on PCE relief, crude bounces as Iran hits cargo ship near Oman

All six tracked commodities settled higher on June 25 — gold +0.82% to $4,041.60 ending a 6-day losing streak after core PCE came in at 3.4% (in-line), WTI +2.95% to $71.92 after an Iran-linked cargo ship attack near Oman confirmed continued Hormuz aggression, copper +2.11% to $6.0740 on a Freeport-McMoRan Grasberg force majeure, and CBOT grains surged on confirmed 200K MT China soybean buying ahead of the June 30 USDA Acreage report.

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