Five sessions, one throughline:
The Strait of Hormuz kept crude and gold on a hair trigger all week,
Wheat took the scenic route from a Black Sea rally to a peace-talk gut check,
Soybeans quietly punched through a 2.5-year ceiling on relentless Chinese buying.
Here's what readers opened most this week:
Ranked by readership, not stat-dumped.
📊 This Week's Most-Read Boards
The week's most-opened edition.
Beans notched a fresh contract high, their best print in two and a half years, as China booked another 136,000 tonnes of new-crop beans, corn and wheat rode along.
WTI spiked more than 5% on renewed Iran-Hormuz strikes even as gold and silver sold off on hawkish Fed bets.
A reader favourite.
The complex gave back a slice of its recent rally on plain profit-taking; soybean oil led the pullback, while Minneapolis wheat bucked the trend.
Crude extended its Hormuz-fueled advance for a third straight session, and gold clawed back a small piece of the prior day's rate-hike rout.
Wheat took it on the chin across all three boards on profit-taking after the prior week's Black Sea-driven surge.
Gold ripped nearly 3% higher and silver outran it as the U.S. and Iran traded fresh strikes near the Strait of Hormuz.
Crude spiked on a fresh round of U.S.-Iran strikes near Hormuz.
Wheat gave back part of the prior week's Black Sea rally, and gold and silver kept sliding on Fed Chair Warsh's hawkish tilt.
SRW and HRS wheat each dropped 2.68% after comments from Putin raised hopes of a Russia-Ukraine peace deal, triggering broad profit-taking.
A firmer U.S. dollar leaned on gold and silver, and natural gas was the lone bright spot on hot-weather demand.
📝 The Week in One Line
The throughline: the Strait of Hormuz stayed the week's live wire — U.S.-Iran strikes rattled crude and gold session after session.
The standout: soybeans' break to a 2.5-year high on relentless Chinese demand, a story that ran on its own track through all the geopolitical noise.
The cross-market driver: wheat's round trip from Black Sea rally to profit-taking to a peace-talk selloff, while Fed Chair Warsh's hawkish rate bets whipsawed gold and silver in both directions.