Top Commodity Price Surges You Can't Ignore – June 5

Commodities Market Report June 5 2025

Commodities Market Report June 5 2025: Yesterday’s trading session saw mixed movements across major commodity categories, reflecting ongoing supply and demand shifts, geopolitical tensions, and economic indicators. In this comprehensive report, we analyze energy, precious metals, base metals, and agricultural commodities to help investors, traders, and market observers understand key price changes and market trends from June 5, 2025.

Commodities Market Report June 5 2025: Energy Commodities

The energy sector remained volatile on June 5 as oil prices stabilized after fluctuations caused by inventory data and OPEC+ announcements. Brent crude closed at $65.07 per barrel, up $0.21 from the previous session, while U.S. West Texas Intermediate (WTI) finished at $63.02 per barrel, a gain of $0.17. Natural gas futures showed modest gains, reflecting optimistic weather forecasts and improved demand expectations.

Crude Oil

On June 5, crude oil prices were supported by unexpected builds in U.S. gasoline and diesel inventories, signaling weaker demand. Meanwhile, Saudi Arabia lowered its July crude prices for Asian buyers to near two-month lows, contributing to supply-side pressure. OPEC+’s decision to increase production by 411,000 barrels per day starting in July further weighed on prices, although geopolitical concerns in the Middle East and Canada’s wildfires provided some upside support.

• Brent Crude: $65.07 per barrel (▲ $0.21)
• WTI Crude: $63.02 per barrel (▲ $0.17)
• Natural Gas (Henry Hub, Jul 2025 futures): $3.15 per MMBtu (▲ 1.2%)

Key Drivers in Energy Markets

• U.S. inventory build indicative of softer demand
• OPEC+ production increase starting July
• Saudi price cuts for Asian buyers
• Geopolitical tensions in the Middle East
• Seasonal demand outlook heading into summer

Commodities Market Report June 5 2025: Precious Metals

Precious metals experienced divergent moves on June 5, influenced by safe-haven demand, Federal Reserve rate expectations, and trade uncertainties. Gold remained relatively stable, while silver saw a modest pullback after recent rallies. Platinum and palladium showed mixed performance as industrial demand trends and supply deficits came into focus.

Gold

Spot gold traded at $3,365.73 per ounce on June 5, down 0.3% from June 4. U.S. gold futures settled at $3,388.90 per ounce, also down 0.3%. Investors stayed cautious ahead of the U.S. nonfarm payroll report, which could provide clues on the Federal Reserve’s monetary policy. Weak U.S. services-sector data and rising tariffs supported safe-haven demand, but a firmer dollar capped further gains.

Silver

Spot silver declined by 1.4% to $34.47 per ounce after hitting a more than 13-year high earlier in the week. Industrial demand for silver remains strong, particularly in solar and electrification technologies, but profit-taking pressure emerged as traders locked in recent gains.

Other Precious Metals

• Platinum: $1,089.41 per ounce (▲ 0.4%)
• Palladium: $997.19 per ounce (▼ 0.4%)

Platinum saw slight gains driven by an optimistic outlook for automotive catalytic converter demand, whereas palladium eased on concerns about slowing automotive production in key markets.

Commodities Market Report June 5 2025: Base Metals

Base metals were mixed on June 5, as copper futures saw increased trading activity but muted price changes. Demand prospects from China, U.S. tariff threats, and supply disruptions influenced market sentiment.

Copper

Copper futures on COMEX reported higher trading volume, with 81,499 contracts (each 25,000 lbs.) traded on June 5, up from 49,488 on June 4. Prices ranged between $4.41¾ and $4.42 per pound, settling around $4.41¾ (▲ 0.7% CBOT July 2025 contract). Market participants remain concerned over potential U.S. tariffs on metal imports and supply-chain disruptions from South American producers.

Key Base Metal Metrics

• COMEX Copper Futures (Jul 2025): $4.41¾ per lb (▲ 0.7%)
• London LME 3M Copper: $9,800 per metric ton (unchanged)
• Nickel (LME 3M): $22,500 per metric ton (▲ 0.5%)
• Aluminum (LME 3M): $2,550 per metric ton (▼ 0.2%)

Commodities Market Report June 5 2025: Agricultural Commodities

Agricultural futures jumped on June 5 amid weakening U.S. dollar and supply concerns from the Black Sea region. Corn and wheat enjoyed gains, while soybeans showed a slight pullback.

Wheat

Chicago Board of Trade (CBOT) most-active July wheat futures rose 0.5% to $5.46 per bushel, supported by fears of conflict escalation in the Black Sea and dry weather threatening yields in China. U.S. crop ratings for spring wheat remain below historical averages, adding to supply-side risk.

Corn

CBOT July corn futures traded up 0.7% to $4.41¾ per bushel as U.S. exporters reported strong early sales for the 2025–26 marketing year. Global ending stocks are projected to fall to 12-year lows, underscoring tight supply outlooks.

Soybeans

CBOT July soybean futures eased 0.2% to $10.42½ per bushel amid profit-taking after a strong rally earlier in the week. Chinese import demand remains robust, but concerns over extra tariffs could limit upside.

• CBOT Wheat (Jul 2025): $5.46 per bushel (▲ 0.5%)
• CBOT Corn (Jul 2025): $4.41¾ per bushel (▲ 0.7%)
• CBOT Soybeans (Jul 2025): $10.42½ per bushel (▼ 0.2%)
• CBOT Soymeal (Jul 2025): $330 per short ton (▼ $1.20)
• CBOT Soyoil (Jul 2025): $0.25 per lb (▼ 0.25 cents)

Market Trends and Analysis

Yesterday’s commodity price movements were driven by a combination of supply disruptions, trade tensions, and macroeconomic data:

• Weak U.S. Data & Fed Outlook: Slower services-sector growth and job-market softness bolstered safe-haven demand for gold and silver, while capping upside for industrial metals.
• OPEC+ Production Decisions: Increased output quotas starting July weighed on oil prices, even as demand concerns persisted.
• Geopolitical Tensions: Conflict escalation fears in the Black Sea region supported wheat prices; U.S.–China trade dynamics continued to influence base metals.
• Currency Movements: A softer dollar on June 5 supported commodity prices overall, benefiting dollar-denominated assets like gold and oil.
• Supply Dynamics: India’s record wheat and rice production estimates for 2025, along with Ukraine’s anticipated 10% drop in grain harvest, balanced agricultural markets.

Key Takeaways

• Crude oil stabilized with Brent at $65.07 and WTI at $63.02 per barrel amid inventory builds and OPEC+ supply adjustments.
• Gold hovered near $3,366 per ounce, supported by safe-haven flows but capped by Fed rate-watch and a firm dollar.
• Silver pulled back to $34.47 per ounce after recent highs; industrial demand remains structurally strong.
• Copper futures saw increased volume and modest gains but face pressure from potential U.S. tariffs.
• Wheat and corn futures rose on supply concerns in the Black Sea and tight global ending stocks; soybeans eased slightly on profit-taking.

Top 5 Performing Commodities on June 5, 2025

1. Silver: Despite a 1.4% pullback to $34.47/oz, it remains up 24% for the year, driven by solar and electrification demand.
2. Platinum: Gained 0.4% to $1,089.41/oz, supported by automotive catalytic converter demand.
3. WTI Crude: Up 0.27% to $63.02/bbl, as Saudi price cuts and U.S. inventory data balanced global supply concerns.
4. Brent Crude: Rose 0.32% to $65.07/bbl, with OPEC+ production plans and Middle East tensions providing support.
5. Copper: COMEX July futures up 0.7% to $4.41¾/lb on increased trading volume and tight global supplies.

For insights on yesterday’s stock market movers, see Top 5 Stocks That Soared on June 5.

FAQs

1. What factors drove oil prices on June 5, 2025?

Oil prices were influenced by unexpected inventory builds in the U.S., Saudi Arabia’s price cuts for Asian buyers, and OPEC+’s announcement to raise output starting in July. Seasonal demand outlook and Middle East tensions also played a role.

2. Why did gold remain stable despite economic data?

Gold held near $3,365/oz due to safe-haven demand from weak U.S. services-sector data and ongoing trade tensions. However, a firmer dollar and anticipation of Federal Reserve signals on interest rates limited further upside.

3. How did agricultural commodities perform on June 5?

Wheat futures rose to $5.46/bu on Black Sea supply concerns and dry weather in China. Corn gained to $4.41¾/bu due to tight global stocks. Soybeans dipped slightly to $10.42½/bu as traders took profits after recent rallies.

4. What is the outlook for copper given U.S. tariff threats?

Copper paused at $4.41¾/lb, supported by growing demand from renewable energy and electric vehicles. However, looming U.S. tariffs on imports and supply-chain disruptions from major producers create uncertainty around future price trajectories.

5. How do currency movements affect commodity prices?

A weaker U.S. dollar on June 5 boosted dollar-denominated commodities such as gold, oil, and industrial metals. When the dollar falls, foreign buyers gain purchasing power, often driving up commodity prices in U.S. dollar terms.

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