# Commodity Market Outlook Q2 2024: Pressures Have Eased but Geopolitical Flareups Drive Market Volatility   - Euromonitor.com

> Euromonitor's Q2 2024 outlook says many commodity prices eased year-on-year in early 2024 as demand softened and crop supply was adequate. It expects global commodity prices to trend lower this year, with geopolitical and weather risks adding upward pressure.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30151-commodity-market-outlook-q2-2024-pressures-have-eased-but-geopolitical-flareups
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A broad outlook for softer commodity prices with geopolitical and weather upside risks gives feed buyers a backdrop of modest price pressure and volatility.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-17 | [Surging greenback could help press pause on dollar-denominated commodities - McKeany-Flavell](https://feedsoft.ai/events/41312-surging-greenback-could-help-press-pause-on-dollar-denominated-commodities.md) | -3.3% | +4.2% |
| WTI | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +8.7% | -4.9% |
| WTI | 2019-03-01 | [FX: The complexities of commodity-linked currencies - Euromoney](https://feedsoft.ai/events/60324-fx-the-complexities-of-commodity-linked-currencies-euromoney.md) | -1.0% | +3.6% |
| WTI | 2026-02-02 | [Metals, crude oil dive in broad commodities market tumble \| Reuters](https://feedsoft.ai/events/8795-metals-crude-oil-dive-in-broad-commodities-market-tumble-reuters.md) | -1.6% | +9.9% |
| WTI | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | +3.9% | +9.9% |
| BRENT | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +2.8% | +6.8% |
| BRENT | 2025-06-17 | [Real strengthens amid commodity bets, easing geopolitical fears](https://feedsoft.ai/events/24425-real-strengthens-amid-commodity-bets-easing-geopolitical-fears.md) | -1.7% | -5.5% |
| BRENT | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +7.7% | -3.1% |

## Sources

- euromonitor.com: https://www.euromonitor.com/article/commodity-market-outlook-pressures-have-eased-but-geopolitical-flareups-drive-market-volatility

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.