Supply and demand are in tension, world commodity prices are divergent.

The raw material market is struggling due to supply and demand pressure, in which Brent oil price falls below 66 USD/barrel, soybean price recovers.

According to the Vietnam Commodity Exchange (MXV), the MXV-Index edged up 0.06% to 2,177 points, reflecting a clear differentiation between commodity groups.

Closing yesterday's trading session, the agricultural market witnessed overwhelming buying power with 6/7 items increasing in price simultaneously. In particular, soybean prices recorded the third consecutive increase with an increase of more than 1% to 376 USD/ton.

In the WASDE report, the US Department of Agriculture (USDA) forecasts US soybean production in the 2025-2026 crop year to reach about 116.74 million tons, down from 118 million tons in July and lower than the output of 118.8 million tons in the previous crop year.

USDA also adjusted the US soybean ending stocks in the 2024-2025 crop year down to 8.98 million tonnes, lower than the 9.54 million tonnes given in July.

These two factors, along with the decline and low world inventories, have created a solid support base for soybean prices.

Contrary to the general market trend, concerns about oversupply continued to dominate energy prices in yesterday's trading session, causing many energy commodities to close in the red.

Of which, Brent oil price yesterday recorded a decrease of about 0.74%, falling to 65.63 USD/barrel, while WTI oil price closed at 62.65 USD/barrel, corresponding to a decrease of 0.82%.

The International Energy Agency (IEA)'s latest August report showed that its forecast for global oil demand growth in 2025 has been revised down slightly compared to its July report as demand in China, India and Brazil shows signs of slowing.

Meanwhile, the IEA raised its forecast for global crude oil production growth to 2.5 million barrels per day, up from its previous forecast of 2.1 million barrels per day, following OPEC+'s decision to increase production in September.

The report also noted that total global crude oil inventories increased for the fifth consecutive month, reaching more than 7.8 billion barrels, the highest level in nearly four years, thereby raising concerns about the prospect of oversupply.

Source: https://hanoimoi.vn/cung-cau-giang-co-gia-hang-hoa-the-gioi-phan-hoa-712542.html