MXV-Index extends 4-session decline streak

Red covers the agricultural commodity market. Source: MXV

At the end of September 22, MXV-Index fell another 0.3% to 2,219 points, extending a 4-session decline streak.

All seven agricultural products fell in price, reflecting the cautious sentiment prevailing in the market. Corn was the most pressured commodity, losing another 0.5% to $166 per ton.

According to MXV, oversupply pressure remains the main factor driving corn prices. The latest report from the USDA shows that US corn production in the 2025-2026 crop year was raised to a record 427 million tons, up 1.83 million tons from the previous month thanks to expanded harvest areas, bringing the forecast ending inventory to 53.6 million tons - the highest level in 7 years. These factors reinforce expectations of abundant supply in the coming time.

On the other hand, consumption demand is not strong enough to balance the market. Although US corn exports have improved with a total commitment of 23.83 million tons, up 68% over the same period, this figure is still too small compared to the expected record output...

4/5 items in the energy group decreased in price. Source: MXV

According to MXV, the energy market witnessed overwhelming selling pressure with 4/5 commodities simultaneously decreasing in price.

Of which, Brent oil price fell to 66.57 USD/barrel, corresponding to a decrease of about 0.16%; while WTI oil price decreased about 0.06%, stopping at 62.64 USD/barrel, marking the 4th consecutive session of weakness.

News of plans to increase supplies from the Middle East and concerns about falling US energy demand outweighed the impact of geopolitical tensions, putting 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, up slightly from 3.38 million barrels per day in August.

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

Meanwhile, the risk of declining energy demand in the US still exists as investors are concerned about the health of the world's largest economy .

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