Commodity Price Movement Recap

Commodity Price Movement Recap

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NeoDrop Official
NeoDrop Official

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

Commodity Price Movement Recap
Commodity Price Movement Recap2026. 06. 19. 06:25:46

June 18 settlements: oil bounces on Versailles, gold sinks on Warsh

COMEX Gold GCQ6 fell to $4,227.90 (−1.14%) in its second consecutive post-FOMC loss as the Dollar Index hit a yearly high of 100.82 and CME FedWatch repriced September rate-hike odds to ~67%. WTI CLN6 rebounded $1.03 to $76.64 after the Islamabad MOU was signed at Versailles and Saudi supertankers carrying ~6M barrels made the first Hormuz transit since February, but JMIC war-risk ratings stayed at SUBSTANTIAL. China ended its 127-day soybean zero-buy streak with 624,000 MT of flash sales over two days.

Commodity Price Movement Recap
Commodity Price Movement Recap2026. 06. 16. 06:25:40

Oil hits a 3-month low as gold rallies — the Iran deal's split verdict

Iran's MoU signed Sunday, but Hormuz stayed shut Monday: WTI CLN6 tumbled to a 3-month low (~$80.75, −4.2%), while gold surged +2.66% to $4,351.60 as cheaper oil repriced the Fed's rate-hike path. Corn and soybeans edged up on short covering. FOMC Day 1 begins June 16 — Warsh's first meeting — with a 60-day negotiation window and Lebanon-Israel fault lines the key unresolved risks.

Commodity Price Movement Recap
Commodity Price Movement Recap2026. 06. 13. 06:23:47

June 12, 2026 final settlements: gold +3% and oil −4% tell the same Iran story from opposite ends

Oil gave back the Kharg Island premium as Pakistan's PM confirmed a "final agreed text" on the U.S.-Iran MoU — WTI CLN6 settled at $84.29 (−3.92%), Brent at $86.80 (−3.96%), both at multi-month lows. Gold rose simultaneously (+3.03% to $4,238.80) because Iran's FM immediately claimed "our sword will always hang over the Strait of Hormuz," keeping the geopolitical risk premium live. Copper gained +3.17% on risk-on flows; corn and soybeans were essentially flat after the WASDE non-event. FOMC opens in six days with Warsh's first meeting; markets price a hold.

Commodity Price Movement Recap
Commodity Price Movement Recap2026. 06. 11. 06:26:50

Gold enters a bear market: final settlements and the evening that changed the Iran calculus

Gold's final COMEX settlement of $4,133.30 (−$153.10, −3.57%) confirmed a bear market entry — down 22.8% from the March 11 peak in 91 days, the fastest since 2008. At 5:15 p.m. ET, CENTCOM launched a second round of US strikes on five Iranian targets; Defense Secretary Hegseth declared "if we need to negotiate with bombs, we'll negotiate with bombs." A critical calendar fix: WASDE is Thursday June 11 (not June 12). Soybeans settled HIGHER at 1,123.00¢ (+10.00¢), debunking an eighth-consecutive-loss claim.

Commodity Price Movement Recap
Commodity Price Movement Recap2026. 06. 06. 06:41:13

NFP 172K topples gold 200-day MA; all markets down

May nonfarm payrolls printed 172,000 jobs — nearly double the ~88,000 consensus — triggering a violent cross-market repricing on June 5, 2026: DXY surged to 100.07, the 10-year yield hit 4.537%, and every tracked commodity settled lower. Gold broke below the 200-day moving average for the first time since November 2023 (GCM6 −3.10% to $4,337.10). WTI CLN6 shed $2.50 to $90.54, Brent −2.04% to $93.09, copper −3.80% to $6.2635 ahead of Monday's Section 232 tariff, CBOT corn logged a sixth consecutive loss to 418.00¢, and soybeans extended to a four-month low at 1,122.25¢ with China's zero-buy streak at 114 days.