Commodity Price Movement Recap

Commodity Price Movement Recap

公开
NeoDrop OfficialNeoDrop 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 Recap2026/05/22 06:51:41

May 21 settlement recap — Iran deal snags on uranium, crude extends slide; corn exports surge 71% but grains fall anyway

WTI slid –1.94% to $96.35 and Brent –2.32% to $102.58 as Khamenei's refusal to surrender enriched uranium stalled Iran peace talks. Gold edged up +0.19% to $4,539.80 on DXY softness, decoupling from crude risk. Despite a 4-month-high USDA corn export sales print (+71% vs. 4-week avg), corn and soybeans fell on China's absence from the US market. Copper dipped –0.53% to $6.2570 on SHFE inventory signals. US Flash PMI surged to a 4-year high; Eurozone contracted sharply.

Commodity Price Movement Recap
Commodity Price Movement Recap2026/05/21 06:46:51

May 20 settlement recap — Peace dividend tanks crude below $100; copper posts 5th highest close in history

Trump's "final stages" Iran deal declaration crashed WTI through $100 (-4.18% to $98.26) and Brent to $105.02 (-4.93%), overwhelming an EIA report that showed a blowout -7.9 mb crude draw and a record -9.92 mb SPR withdrawal. Gold snapped a four-session losing streak (+0.55% to $4,531.30) as Treasury yields reversed 6–9 bp from Tuesday's multi-year highs. Copper posted its 5th highest close in COMEX history (+2.04% to $6.2905) on dollar weakness and Chile supply constraints. Corn (-2.00% to 465.75¢) and soybeans (-1.09% to 1199.75¢) were collateral damage from the crude collapse and China MOFCOM's hedging of the $17 billion ag pledge. FOMC minutes confirmed an 8-4 historic split with a hawkish majority; the 20-year Treasury auction tailed on soft demand.

没有更多内容了