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 Recap06/13/2026, 06:23:47 AM

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 Recap06/11/2026, 06:26:50 AM

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 Recap06/06/2026, 06:41:13 AM

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.

Commodity Price Movement Recap
Commodity Price Movement Recap06/05/2026, 06:35:17 AM

Ceasefire optimism wipes out oil's 3-day rally; grains hit contract lows; gold rebounds on jobless claims miss

Thursday's ceasefire optimism sent WTI down 3.10% to $93.04, erasing most of the week's 3-session oil rally, while gold rebounded +0.88% to $4,475.80 on a jobless-claims miss and dollar pullback. Grains extended their losing streaks to a fifth straight session for corn (424.50¢, contract low) and fourth for soybeans (1,128.75¢), weighed by USDA's 642,000 MT wheat cancellations and China's 113th consecutive day without a confirmed purchase. Copper closed at $6.5110 — the fifth-highest settlement in history. The Dow surged to a record 51,561.93.

Commodity Price Movement Recap
Commodity Price Movement Recap06/04/2026, 06:35:51 AM

Iran strikes Kuwait airport; WTI tops $96 on third day of rally; Logan calls for rate hike; gold and copper retreat

Wednesday's June 3 session was defined by a severe widening of the Iran conflict's geographic scope — an IRGC drone-and-missile strike on Kuwait International Airport killed one person and wounded 63+ others, while a simultaneous salvo targeting the US Fifth Fleet headquarters in Bahrain was intercepted. WTI CLN6 settled at $96.02/bbl (+2.41%), completing a three-session +9.91% rally and pushing $100 into view. Three simultaneous macro data prints (ADP +122K, ISM Services PMI 54.5 with prices-paid at a four-year high, Fed Beige Book flagging energy-driven inflation) and Dallas Fed President Logan's explicit rate-hike call sent gold down 1.29% to $4,461.70 (August active) and COMEX copper retreating 2.53% from Tuesday's all-time record of $6.6765. Grains fell for a fourth session, unmoved by oil's rally, as favorable crop weather and continued absence of USDA-confirmed China purchases kept bears in control. The S&P 500 ended its nine-session winning streak.

Commodity Price Movement Recap
Commodity Price Movement Recap06/03/2026, 06:34:11 AM

Copper hits all-time record; Hammack fires first rate-hike warning under Warsh; grains slide for third session

Tuesday's June 2 session: COMEX Copper HGN6 hit an all-time record $6.6765/lb (+1.89%) on a Section 232 tariff amendment and the CopperTech Metals NYSE IPO filing; Cleveland Fed President Hammack issued the first explicit rate-hike signal under Chair Warsh, flipping futures pricing toward tightening; WTI settled at $93.76/bbl (+1.74%) as the Iran ceasefire stalemate deepened with no US-Iran communication for days; gold recovered to ~$4,535.50 (+0.6%); CBOT grains fell a third straight session as debut crop ratings (corn 67% G/E, soybeans 66%) missed estimates without triggering a reversal.

Commodity Price Movement Recap
Commodity Price Movement Recap06/02/2026, 06:42:07 AM

Oil surges 5% as Iran deal collapses; gold falls on ISM shock; copper gains 2.6%

Monday's June 1 session opened with a geopolitical detonation: Iran suspended indirect talks with the US, sending WTI CLN6 up 4.94% to $92.16 and Brent ~+4.2% to ~$94.98 — the sharpest single-day crude surge since the conflict began. COMEX Gold GCM6 fell $85.30 (−1.87%) to $4,475.20 as ISM Manufacturing PMI's four-year high of 54.0 strengthened the dollar and squeezed safe-haven demand. Copper HGN6 gained ~+2.56% to $6.5525 on China's Caixin PMI beat and a Morgan Stanley forecast of a 600,000-tonne 2026 deficit. Grains drifted lower on excellent crop conditions.