The commodity markets last week were decidedly quieter than previous weeks, with the exception of some key news out of soybean demand and biofuel production in the United States. We also have some analysis on the news out of the DoD on their position with MP Materials and the Mountain Pass rare earth operation.

We take a look at the shortened week last week before President Trump signed into law his One Big Beautiful Bill. The metals continued to rise, oil shook off geopolitical risk premium and the grains may have found a floor.

We have a look at last week's move within the commodity sector, with gold and oil correcting after de-escalation in Iran. The grains continue to show weakness while PGMs continue their winning streaks.

Before the weekend, commodity markets experienced notable fluctuations. But on Saturday evening, the United States, in coordination with Israel, launched airstrikes on three key Iranian nuclear facilities: Fordow, Natanz, and Isfahan. Markets remain fluid, as speculators await any type of response from the Iranian government.

This week on The Commodity Compass, we break down a volatile rally across precious metals, energy, and agriculture. Gold and silver surged as geopolitical tensions and safe-haven demand drove prices to multi-year highs. WTI crude jumped over 13% following escalating conflict between Israel and Iran, while a sixth straight decline in U.S. rig counts added fuel to the fire. Meanwhile, wheat and soybeans climbed on adverse weather and export demand, rounding out a week of broad-based commodity strength.

Silver, platinum and palladium had big weeks this past week. Oil saw a big bounce as US rig counts continue to drop. And we talk about the stagnation in the uranium spot market.

Lean Hogs lead the way in the commodities complex with most in the red last week. We talk about gold's anticipation of more easing by the Federal Reserve and a bit of concern over copper supply with a key asset coming offline.

Here you breakdown of last week's price action in the commodity market, where most of the complex outperformed volatility in US bonds and equities. Precious metals performed well on safe haven demand while nuclear energy advocates received a welcomed nod of approval from the Trump Administration. Things are looking good for the US corn planting season.

Here's the breakdown of price action throughout the commodity complex this past week. Earlier in the week, optimism gained after the US - China tariff negotiations, but uncertainties remained as commodity investors continue to be cautious.

After most commodity markets were mixed on Friday, prices are mostly rebounding today after it was announced that US and China will impose a temporary 90-day trade deal which reduces tariffs on US imports. Agriculture and energy are the biggest benefactors while a higher US dollar is pushing gold lower.