Agricultural commodities spearheaded July’s price decline, with six out of nine trading below June levels this month. Grains traded lower due to abundant supply, a factor that also dented sugar prices. Meanwhile, energy prices were broadly stable as oil prices stabilized following the truce between Israel and Iran. That said, natural gas prices plummeted on the heels of continued inventory builds and record production in the U.S. On the flip side, prices for base metals rose on U.S. trade deals, hopes of stronger Chinese demand and stimulus, plus healthier activity in the semiconductor sector. Lastly, precious metals prices rose for the seventh consecutive month as sustained global trade uncertainty supported safe-haven demand.
Commodities prices decreased 0.5% month on month in July, following June’s 5.0% rise.
This chart displays Brent Crude Oil (US$/bbl) from 2023 to 2025.