MXV-Index extends its losing streak to four consecutive sessions.

The agricultural commodities market is dominated by red. Source: MXV

At the close of trading on September 22, the MXV-Index fell another 0.3% to 2,219 points, extending its streak of four consecutive declining sessions.

All seven agricultural commodities saw price declines, reflecting a cautious sentiment prevailing in the market. Corn was under the most pressure, with prices falling further by 0.5% to $166 per ton.

According to MXV, oversupply pressure remains the main factor influencing corn prices. The latest report from the USDA shows that US corn production for the 2025-2026 crop year has risen to a record 427 million tons, an increase of 1.83 million tons from the previous month thanks to expanded harvested area, bringing the projected ending stocks to 53.6 million tons - the highest level in 7 years. These factors reinforce expectations of abundant supply in the near future.

Conversely, consumer demand is not strong enough to balance the market. While US corn exports have improved with a total commitment of 23.83 million tons, a 68% increase year-on-year, this figure is still too small compared to the expected record production…

4 out of 5 items in the energy group saw price decreases. Source: MXV

According to MXV, the energy market witnessed overwhelming selling pressure, with prices falling across four out of five commodities.

Specifically, Brent crude oil prices fell to $66.57 per barrel, a decrease of approximately 0.16%; while WTI crude oil prices declined by about 0.06%, settling at $62.64 per barrel, marking the fourth consecutive day of weakness.

Information about plans to increase supply from the Middle East, along with concerns about declining energy demand in the US, outweighed the impact of geopolitical tensions, putting downward pressure on oil prices in yesterday's trading session.

Iraq's oil exports in September are expected to reach 3.4-3.45 million barrels per day, a slight increase from the 3.38 million barrels per day in August.

Kuwait – another OPEC member – has increased its maximum oil production capacity to 3.2 million barrels per day, the highest level in more than a decade. The country expects to maintain production at 2.559 million barrels per day.

Meanwhile, the risk of declining energy demand in the US remains present amid investor concerns about the health of the world's largest economy .

Source: https://hanoimoi.vn/mxv-index-noi-dai-chuoi-4-phien-giam-716994.html