June 2026 Commodities: Cocoa, Coffee, Crack Spreads Surge; Gold, Silver, Oil Plunge

CommodityDigital FinanceGeopolitics
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Summary · why it matters

In June 2026, ICE cocoa, ICE Arabica coffee futures, and gasoline and distillate crack spreads posted double-digit percentage gains, while gold, silver, platinum, palladium, WTI and Brent crude oil, Bitcoin, and Ethereum posted double-digit percentage declines. Cocoa surged 26.98% on West African supply concerns, Arabica coffee rose 14.59%, and the gasoline crack spread jumped 32.50%. WTI crude fell 18.52% and Brent dropped 18.18% amid hopes for an Iran-U.S. deal, a UAE exit from OPEC, and SPR releases. Gold declined 12.07% to near $4,040 per ounce, and silver plunged 21.61% to below $60, approaching a test of the 1980 high of $50.36. The September dollar index rose 2.41%, weighing on commodity prices, while long bond futures edged 0.50% higher.

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