Commodity Market Summary Report for the week of May 25, 2026 - May 31, 2026

The global commodity market during the week from May 25 to May 31, 2026, witnessed mixed fluctuations with a slight upward trend, particularly in the agricultural and energy sectors. The macroeconomic landscape is heavily influenced by signals from the US Federal Reserve (FED) and complex geopolitical developments in the Middle East. Notably, US President Trump's unexpected tightening of negotiation terms with Iran and the rising tensions in the Strait of Hormuz have exerted upward pressure on safe-haven assets and fuel prices.

GROUP: Agricultural Products

Key agricultural commodity prices recorded steady growth over the past week, led by industrial raw materials such as Cocoa and Coffee. Specifically, Cocoa prices closed the session on May 31 at 3,923.00 USD/mt, a strong increase of 4.29% compared to the previous week. Similarly, Arabica coffee maintained its upward momentum of 3.15%, reaching 265.60 UScents/lb (equivalent to approximately 154.07 million VND/ton). This growth reflects persistent supply concerns from major producing regions.

• Rubber: Recorded a price of 228.30 JPY/kg (+2.79%), indicating that demand from the tire industry remains strong despite warnings regarding the durability of Chinese vehicles compared to Japanese and Korean models.
• Grains: Corn reached 446.75 UScents/bu (+1.98%) and Wheat reached 610.50 UScents/bu (+2.16%). Although Russia recently unveiled a "mega-sized" combine harvester with a capacity of 30 tons/hour to optimize harvesting, grain prices continued to rise due to logistics costs and global inflationary pressures.
• Soybeans: Soybean products such as Soybean Oil (+1.33%) and Soybean Meal (+1.29%) increased slightly, reflecting stability in the animal feed supply chain.

Outlook for next week: Agricultural prices may move sideways or undergo a slight correction as G7 nations face brain drain and high costs of living, which could dampen final consumer purchasing power.

GROUP: Metals

The precious metals market is becoming a focal point for capital inflows as geopolitical risks between the US and Iran escalate. Global Gold prices updated on May 31 reached 4,541.40 USD/toz, an increase of 1.02%, pushing the converted price in Vietnam to approximately 144.07 million VND/tael. Silver also recorded a slight increase of 0.46%, closing at 75.25 USD/toz.

• Precious Metals: The upward trend in Gold and Silver is reinforced by key signals from Tehran and new moves by the FED. As investors worry about instability in the Middle East, gold continues to assert its role as a safe-haven asset.
• Industrial Metals: Copper showed unusual behavior by decreasing slightly despite a recorded change rate of +0.33%, reaching 639.85 UScents/lb. Meanwhile, Aluminum and Zinc fluctuated insignificantly at +0.04% and +0.75%, respectively.
• Nickel: Held at 18,955.00 USD/mt (+0.71%). Interest in electric vehicle lines and battery technology (such as iPhones and high-end Android lines) remains a supporting driver for this metal's price.

Outlook for next week: Precious metal prices will depend heavily on subsequent statements from FED officials and developments in the Strait of Hormuz. If tensions do not cool down, gold prices could break through new resistance levels.

GROUP: Energy

Crude oil prices saw a significant recovery over the past week due to sanctions and negotiation pressures on Iran. Brent crude rose 1.7%, reaching 91.12 USD/bbl, while WTI oil rose 1.73% to 87.36 USD/bbl. The US President's tightening of terms with Iran has sparked concerns about supply disruptions from the Gulf region.

• Natural Gas: Increased slightly by 0.15% to 3.29 USD/mmbtu. Energy demand for the summer in Northern Hemisphere countries is beginning to put pressure on storage systems.
• Coal: Traded at 136.75 USD/mt (+0.55%), maintaining stability amidst personnel changes at thermal power plants (such as Hai Phong Thermal Power).
• Vietnam Market: Domestic automakers are speaking out about compatibility with E10 gasoline, indicating that the shift toward green energy is gradually impacting the domestic fuel consumption structure.

Outlook for next week: Oil prices will remain high above 90 USD/bbl if conflict signals in the Middle East continue to be sent. However, the US stopping funding for wealthy NATO members could change the defense and energy spending map in the long term.

GROUP: Food

The food market recorded a sharp price increase in poultry, while other items maintained stability. Chicken prices surged 4.73%, reaching 7.05 BRL/kg (equivalent to 29.13 million VND/ton). This was the highest increase in the food group last week.

• Pork and Beef: Pork rose 1.16% to 95.85 USD/lbs. Beef maintained stability with a slight increase of 0.13%, reaching 349.70 BRL/kg.
• Domestic Seafood: In Vietnam, the incident involving over 100 tons of cage-farmed fish dying unusually at Tri An Lake has caused significant losses for farmers and may cause a local shortage of freshwater fish in the short term, pushing consumers to switch to alternative protein sources such as chicken and pork.

Notable Commodities and Forecast for next week (06/01 - 06/07/2026)

Most volatile commodities: Chicken (+4.73%) and Cocoa (+4.29%) are the two items with the most impressive gains. While chicken is under pressure from farming costs and disease, Cocoa is benefiting from global supply tightening.

Forecast and recommendations:

• Energy & Metals Group: Continue to closely monitor moves from the Strait of Hormuz and US foreign policy toward Iran. This is the biggest geopolitical risk that could cause oil and gold prices to fluctuate sharply. Investors should maintain a safe portfolio allocation.
• Agricultural Group: Pay attention to weather reports and harvest yields from Russia. With the launch of modern machinery, grain supply from Russia could exert downward price pressure in the medium term.
• Vietnam Market: Businesses need to focus on the Government's new working regulations and fluctuations in the logistics industry following recent international aviation and maritime incidents.

The report is based on price data updated to June 1, 2026, and news events from the past week. Investors should consider carefully before making decisions.