
At closing, the MXV-Index fell 2% to 2,537 points. According to the Vietnam Commodity Exchange (MXV), soybeans continued to be the focus, accounting for nearly 30% of the total market trading value. However, the strong inflow of capital was not enough to prevent this commodity from experiencing downward pressure. At the end of the trading session, soybean prices fell 0.7% to $407.4 per ton. Soybean oil prices also lost 1.6%, retreating to $1,531 per ton, the lowest level in two months.
MXV stated that soybean prices are being affected by a double impact from the slump in the energy market and positive crop prospects in the US. The sharp drop in crude oil prices is undermining expectations for soybean oil consumption in biofuel production, leading to selling pressure across the entire soybean supply chain.
In Vietnam, soybean imports remain high. In the first half of June, the country imported 58,511 tons of soybeans worth over $29 million. Cumulatively from the beginning of the year to June 15th, imports reached approximately 1.7 million tons, valued at over $839 million.

Conversely, the precious metals market witnessed a sharp decline as the US dollar and US government bond yields continued to rise following hawkish signals from the Fed. At the close of trading, gold futures fell 2.62% to $4,000 per ounce, while silver plummeted 6.29% to $58.1 per ounce.
According to MXV, the decline mainly reflects a shift of short-term capital flows towards USD-denominated assets. Currently, the Dollar Index has surpassed 100 points and remains at its highest level in over a year, while the yield on 2-year US Treasury bonds remains around 4.16%.

However, the long-term outlook for precious metals remains positive due to safe-haven demand against global sovereign debt risks. For silver, demand from the solar energy, electric vehicle, data center, and artificial intelligence (AI) sectors continues to be a key supporting driver in the medium and long term.
Source: https://hanoimoi.vn/mxv-index-noi-dai-da-suy-yeu-1209037.html








