Commodity Market Summary for the Week of June 15, 2026

The global commodity market during the week of June 15 to June 21, 2026, recorded mixed fluctuations across sectors amid complex new developments in the geopolitics of Eastern Europe and the Middle East. Ukraine's intensified attacks on the Crimea region, combined with firm statements from Donald Trump regarding the financial obligations of European nations, have bolstered safe-haven sentiment, supporting precious metal and energy prices, while the agricultural sector maintained a slight recovery trend.

SECTOR: Agriculture

Prices for key agricultural commodities such as wheat, soybeans, and corn all recorded slight gains over the past week due to stable consumption demand and supply chain concerns. Specifically, wheat prices closed the week at 614.00 UScents/bu (up 1.17%), while soybeans rose 0.82% to 1,122.80 UScents/bu. Corn also recorded a gain of 0.83%, reaching 417.50 UScents/bu on June 21, 2026.

Rice: Recorded the most impressive gain in the sector at 2.31%, reaching 12.21 USD/CWT. This increase reflects concerns over global rice supply as major exporting nations adjust their trade policies.
Coffee: Arabica prices remained high at 265.82 UScents/lb (up 0.74%). However, news from the Vietnamese market shows that domestic coffee prices are beginning to show signs of a "downward reversal" after a period of rapid growth, which could put pressure on futures prices in the coming week.
Rubber and Sugar: Both commodities remained stable with low volatility, at +0.35% (227.40 JPY/kg) and +0.08% (14.14 UScents/lb), respectively.

Outlook for next week: The agricultural sector may face profit-taking pressure, especially coffee. Investors should closely monitor weather conditions in Brazil and information regarding grain agreements if there are developments in the Black Sea region.

SECTOR: Metals

Precious metals became the focus of investment capital this week as tensions between Russia and Ukraine escalated sharply in Crimea. Gold rose 1.38% during the week, reaching a record high of 4,151.70 USD/toz (equivalent to approximately 131.7 million VND/tael). Moscow's alert following intense Ukrainian attacks has prompted investors to increase purchases of safe-haven assets.

Silver and Platinum: Silver rose 1.15% to 64.90 USD/toz, following the trend of gold. Conversely, platinum saw a slight correction of 0.15%, closing at 1,665.65 USD/toz.
Industrial Metals: Zinc and Nickel recorded solid gains of 2.13% and 1.41%, respectively. Copper remained stable at 633.95 UScents/lb (+0.04%). The recovery of this group is primarily due to expectations regarding the disbursement of major infrastructure projects, such as the Long Thanh airport project in Vietnam, which is being strictly monitored for progress.

Outlook for next week: Gold prices will maintain an upward trend if geopolitical conflicts show no signs of cooling down. However, Mr. Trump's statements demanding that Europe pay 350 billion USD for NATO could cause significant volatility in the USD, thereby impacting metal prices in return.

SECTOR: Energy

Global crude oil prices maintained a slight upward trend over the past week as risks in the Strait of Hormuz and the Iran nuclear deal reappeared in the headlines. Brent crude rose 0.93% to 80.59 USD/bbl and WTI oil rose 0.96% to 77.33 USD/bbl. News that Iran has set conditions for implementing a new peace deal with the US has made the energy market more cautious about future supply.

Natural Gas: Rose 1.12% to reach 3.20 USD/mmbtu. Rising energy demand for the summer in the Northern Hemisphere is the main driver supporting gas prices.
Coal: Remained absolutely stable at 144.00 USD/mt, with no change compared to the beginning of the week.

Outlook for next week: The energy market will focus on the US response to Iran's proposal. If negotiations progress, oil prices may cool down. Conversely, disruption in the Strait of Hormuz remains the largest potential risk.

SECTOR: Food

The food market remained stable with slight gains of under 0.5% for most meat products. Beef prices in the Brazilian market reached 345.50 BRL/kg (+0.47%), while pork reached 95.03 USD/lbs (+0.4%).

In Vietnam, information regarding the proposal to add 5 high-speed national highway routes and the monitoring of the Long Thanh airport progress is expected to help reduce logistics costs for the food industry in the long term, though it has not directly impacted retail prices this week.

Notable Commodities of the Week

Rice (+2.31%) and Gold (+1.38%) were the two commodities with the most prominent performance. Rice prices rose due to concerns over food security and changes in the export policies of major countries. Meanwhile, Gold continued to affirm its role as a "safe haven" as conflicts in Ukraine and the Middle East simultaneously heated up. On the other hand, while Arabica coffee recorded a slight price increase on the international exchange, the domestic Vietnamese market has shown signs of a downward reversal, indicating that supply pressure from the new crop is beginning to take effect.

Forecast and Recommendations for Next Week (June 22 – June 28, 2026)

Trend Forecast: The commodity market next week will continue to be strongly influenced by political factors. The Precious Metals group is forecast to maintain a slight upward trend or trade sideways at high price levels. The Energy group carries a risk of high volatility depending on the progress of US-Iran negotiations. The Agricultural group may enter a technical correction phase after a series of gains.

Risk factors to monitor:

Warfare: The intensity of Ukraine's attacks on Crimea and retaliatory responses from Russia.
Policy: Further statements from Donald Trump regarding NATO and international trade agreements.
Vietnam's Economy: The progress of key infrastructure projects (Long Thanh, highways) and fluctuations in the VND/USD exchange rate will directly affect the prices of imported goods.

Recommendation: Agricultural import-export businesses should be cautious regarding coffee and rice price fluctuations. Precious metal investors should consider taking partial profits at the current resistance level of gold. For transportation businesses, it is necessary to closely monitor WTI oil prices to have timely plans for adjusting fuel surcharges.