Q2 2026
The 15th edition of Daymon’s Quarterly View on Global Commodity Markets presents an overview of major commodity trends through Daymon’s proprietary Commodity Indexes, providing insight into both food and non-food market movements during Q2 2026. The report highlights a significant divergence between non-food and food commodities, reflecting the impact of geopolitical tensions, weather-related disruptions, supply chain pressures, and changing demand patterns across global markets.
Daymon’s Non-Food Commodity Index increased by 8.3% quarter-on-quarter and 28.7% year-on-year, reaching its highest level since early 2022. The escalation of conflict in the Middle East pushed crude oil and natural gas prices higher, resulting in increased costs across petrochemical and plastics value chains. The only major category to decline was metals (-1.7%), mainly due to weaker transition metal prices linked to slowing automotive demand and accelerating electric vehicle adoption. In contrast, Daymon’s Food Commodity Index declined by 9.3% versus Q1 2026 and 8.4% versus Q2 2025, largely reflecting weakness in oils, soft commodities, and fresh produce.
This quarter’s featured analysis focuses on coffee market dynamics, one of the world’s most traded agricultural commodities. During Q2 2026, Arabica prices experienced significant volatility as expectations of a strong Brazilian crop initially pressured markets before excessive rainfall, declining inventories, and concerns about a potential El Niño event triggered a late-quarter rebound. Robusta prices proved more resilient, supported by low inventories and logistical disruptions despite improving Vietnamese production and exports. Looking ahead, weather conditions in Brazil and Southeast Asia remain the key determinants of coffee price direction in the second half of 2026.