Buying power returns to the world commodity market

According to the Vietnam Commodity Exchange (MXV), at the end of trading, the MXV-Index increased by nearly 0.6% to 2,181 points as buying power of many commodities increased.

Strong buying power in the energy commodity market. Source: MXV

According to MXV, yesterday's session witnessed strong buying power returning to the energy market. In particular, Brent oil price increased to 66.84 USD/barrel, up about 1.6%; WTI oil price increased about 1.38%, to 63.21 USD/barrel. This increase mainly came from positive consumption prospects.

5/7 agricultural products increased in price. Source: MXV

Meanwhile, the agricultural market also recorded positive buying power with 5/7 commodities increasing in price simultaneously. Of which, CBOT wheat price unexpectedly jumped 1.4% to 185.7 USD/ton, thereby helping this commodity escape the lowest bottom in the past 5 years.

According to MXV, wheat prices in yesterday's session were supported by a combination of unfavorable crop information, falling inventories in some key exporting countries and vibrant international trade activities.

In the US, the Department of Agriculture 's crop progress report shows that the winter wheat harvest is 94% complete, behind the multi-year average.

Wheat exports reached 395,240 tonnes, slightly higher than the 374,000 tonnes in the same period in 2024 and remained above the average level in recent weeks, indicating that import demand remains stable despite abundant global supplies.

In Argentina, the Rosario Exchange lowered its 2025-26 wheat production forecast to 20 million tonnes, from 20.7 million tonnes previously, due to adverse weather.

Meanwhile, in Russia, data from Rosstat recorded a decrease of 11.6% in wheat stocks to 19.9 million tons.

Source: https://hanoimoi.vn/luc-mua-tro-lai-tren-thi-truong-hang-hoa-nguyen-lieu-the-gioi-713415.html