Commodity Compass Weekly

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.

Geopolitics and some FX movement of US dollar holdings are pushing gold higher. OPEC+ remains on course to increase supply while US rig counts drop. Live Cattle remain strong while corn sees a forecast for increased productivity.

We walk through the weekly pricing action in the commodity market. Gold takes a breather as the US Dollar finds support. Data from the Shanghai Futures Exchange pointed to a record decline in copper inventories in China. Its an important week with major oil producers reporting quarterlies. US LNG shipments to China have crashed. And a new parasite has the USDA concerned to the point of requiring Mexican cooperation.

Welcome  to the first episode of a new series called Commodity Compass Weekly, produced by the Clear Commodity Network and hosted by Jennifer Pickerel. Every week, we will break down the biggest market movers, trends, and macro factors driving price action across energy, metals, agriculture, and beyond. This series, along with all other ClearComm content can be found at Clearcommodity.net. 

Today is Monday, April 21, 2025, and here's your weekly roundup of key commodity prices as of end of last week.