Cocoa, Crude Oil (West Texas) Join in Commodities Selloff While Copper Rallies - Commodities Daily Markets Wrap
Commodities declined by 1.9% today led by losses in cocoa and crude oil west texas, while copper prices saw the largest gain
Aug 20, 2021 by Kwhen Finance Editors
Global commodity fell by 1.9% today fueled by a 2.9% decline in cocoa and a 2.8% decline in crude oil west texas. Cocoa is currently down 0.8% year-to-date, and up 5.1% over the past 12 months. Crude Oil (West Texas) is currently up 38.1% year-to-date, and up 50.6% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 18.4% year-to-date, and up 32.4% over the past 12 months. The Dow Jones Industrial Average is currently up 15.3% year-to-date, and up 28.2% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 1.9%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 0.9%.
- Copper rose the most with a 2.3% gain
- Cocoa fell the most with a 2.9% decline
- Others commodities that gained include Gold, which rose by an average of 0.0%
- Others commodities that declined include Crude Oil (West Texas), Crude Oil (Brent) and Corn, which rose by an average of -2.7%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.9% | +23.1% | +35.7% | +2.2% | +0.2% |
| Bloomberg Commodity Index TR | DJCB | -0.94% | +18.8% | +29.4% | +16.8% | +16.8% |
| S&P 500 | SPY | +0.80% | +18.4% | +32.4% | +55.8% | +120.8% |
| Dow Jones Industrial Average | DIA | +0.48% | +15.3% | +28.2% | +38.9% | +109.2% |
| Gainers | ||||||
| Copper | CPER | +2.3% | +13.7% | +33.0% | +51.8% | +71.7% |
| Gold | IAU | +0.029% | -6.5% | -8.5% | +18.4% | +31.1% |
| Losers | ||||||
| Cocoa | NIB | -2.9% | -0.8% | +5.1% | +25.0% | -22.0% |
| Crude Oil (West Texas) | DBO | -2.8% | +38.1% | +50.6% | +23.6% | +31.7% |
| Crude Oil (Brent) | BNO | -2.8% | +34.8% | +48.0% | -2.4% | +15.7% |
| Corn | CORN | -2.4% | +31.3% | +68.4% | +37.1% | +6.7% |
| Soybean | SOYB | -1.9% | +16.8% | +56.6% | +52.4% | +19.0% |
| Sugar | SGG | -1.5% | +32.7% | +45.7% | +57.3% | +23.7% |
| Wheat | WEAT | -1.4% | +16.0% | +37.2% | +41.2% | -8.8% |
| Coffee | JO | -0.80% | +33.6% | +39.5% | +58.6% | +1.3% |
| Silver | SLV | -0.74% | -12.5% | -13.5% | +36.2% | +17.2% |
| Natural Gas | UNG | -0.30% | +47.0% | -2.0% | -29.2% | -56.0% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Copper outperformed the most by +4.3%. with Gold as the next best performer with a relative outperformance of +1.9%.
- Additional commodities that outperformed the S&P GSCI Index included Natural Gas, Silver and Coffee by an average of +1.3%.
- Relative to the S&P GSCI Total Return Index, Cocoa underperformed the most by -1.0%. with Crude Oil (West Texas) as the next worst performer with a relative underperformance of -0.9%.
- Additional commodities that underperformed the S&P GSCI Index included Crude Oil (Brent), Corn and Soybean by an average of -0.5%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.9% | +23.1% | +35.7% | +2.2% | +0.2% |
| Relative Outperformers | ||||||
| Copper | CPER | +4.3% | -9.4% | -2.6% | +49.6% | +71.5% |
| Gold | IAU | +1.9% | -29.6% | -44.2% | +16.2% | +30.9% |
| Natural Gas | UNG | +1.6% | +23.8% | -37.7% | -31.4% | -56.2% |
| Silver | SLV | +1.2% | -35.6% | -49.2% | +34.1% | +17.0% |
| Coffee | JO | +1.1% | +10.5% | +3.8% | +56.4% | +1.1% |
| Wheat | WEAT | +0.52% | -7.1% | +1.5% | +39.0% | -9.0% |
| Sugar | SGG | +0.42% | +9.6% | +10.0% | +55.2% | +23.5% |
| Relative Underperformers | ||||||
| Cocoa | NIB | -0.97% | -23.9% | -30.6% | +22.9% | -22.2% |
| Crude Oil (West Texas) | DBO | -0.92% | +15.0% | +14.9% | +21.5% | +31.5% |
| Crude Oil (Brent) | BNO | -0.91% | +11.7% | +12.3% | -4.6% | +15.5% |
| Corn | CORN | -0.53% | +8.2% | +32.7% | +35.0% | +6.5% |
| Soybean | SOYB | -0.025% | -6.3% | +21.0% | +50.3% | +18.8% |
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