Commodities Rally Led By Gains in Natural Gas and Silver - Commodities Daily Markets Wrap
Commodities climbed by 1.4% today led by gains in natural gas and silver, while wheat prices saw the largest decline
May 17, 2021 by Kwhen Finance Editors
Global commodity rose by 1.4% today fueled by a 4.9% increase in natural gas and a 2.9% increase in silver. Natural Gas is currently up 15.7% year-to-date, and down 5.8% over the past 12 months. Silver is currently up 3.6% year-to-date, and up 64.2% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 11.8% year-to-date, and up 47.8% over the past 12 months. The Dow Jones Industrial Average is currently up 13.1% year-to-date, and up 47.9% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 1.4%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 1.3%.
- Natural Gas rose the most with a 4.9% gain
- Wheat fell the most with a 0.4% decline
- Others commodities that gained include Silver, Cocoa and Copper, which rose by an average of 2.0%
- Others commodities that declined include Soybean and Corn, which rose by an average of -0.3%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | +1.4% | +24.2% | +67.3% | -6.9% | -0.8% |
| Bloomberg Commodity Index TR | DJCB | +1.3% | +19.1% | +53.7% | +17.0% | +17.0% |
| S&P 500 | SPY | 0.0% | +11.8% | +47.8% | +50.1% | +121.5% |
| Dow Jones Industrial Average | DIA | 0.0% | +13.1% | +47.9% | +38.6% | +116.7% |
| Gainers | ||||||
| Natural Gas | UNG | +4.9% | +15.7% | -5.8% | -53.5% | -59.5% |
| Silver | SLV | +2.9% | +3.6% | +64.2% | +86.5% | +56.0% |
| Cocoa | NIB | +1.8% | -1.4% | +10.6% | +12.8% | -16.4% |
| Copper | CPER | +1.3% | +31.9% | +93.1% | +66.9% | +106.7% |
| Crude Oil (West Texas) | DBO | +1.3% | +38.6% | +101.0% | +8.9% | +35.1% |
| Crude Oil (Brent) | BNO | +1.3% | +35.6% | +102.4% | -16.3% | +16.4% |
| Gold | IAU | +1.3% | -3.1% | +5.3% | +42.5% | +42.8% |
| Sugar | SGG | +0.44% | +14.1% | +58.7% | +29.8% | +6.3% |
| Coffee | JO | +0.12% | +10.2% | +22.0% | +28.2% | -16.4% |
| Losers | ||||||
| Wheat | WEAT | -0.44% | +10.3% | +32.1% | +29.4% | -22.3% |
| Soybean | SOYB | -0.34% | +21.3% | +75.3% | +58.5% | +18.0% |
| Corn | CORN | -0.20% | +27.9% | +67.0% | +29.0% | -9.3% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Natural Gas outperformed the most by +3.5%. with Silver as the next best performer with a relative outperformance of +1.5%.
- Additional commodities that outperformed the S&P GSCI Index included Cocoa by an average of +0.4%.
- Relative to the S&P GSCI Total Return Index, Wheat underperformed the most by -1.8%. with Soybean as the next worst performer with a relative underperformance of -1.7%.
- Additional commodities that underperformed the S&P GSCI Index included Corn, Coffee and Sugar by an average of -1.3%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | +1.4% | +24.2% | +67.3% | -6.9% | -0.8% |
| Relative Outperformers | ||||||
| Natural Gas | UNG | +3.5% | -8.5% | -73.1% | -46.6% | -58.7% |
| Silver | SLV | +1.5% | -20.5% | -3.2% | +93.4% | +56.8% |
| Cocoa | NIB | +0.45% | -25.6% | -56.8% | +19.7% | -15.6% |
| Relative Underperformers | ||||||
| Wheat | WEAT | -1.8% | -13.8% | -35.2% | +36.2% | -21.5% |
| Soybean | SOYB | -1.7% | -2.9% | +8.0% | +65.4% | +18.8% |
| Corn | CORN | -1.6% | +3.7% | -0.3% | +35.9% | -8.5% |
| Coffee | JO | -1.3% | -14.0% | -45.3% | +35.1% | -15.7% |
| Sugar | SGG | -0.93% | -10.1% | -8.6% | +36.6% | +7.1% |
| Gold | IAU | -0.12% | -27.3% | -62.0% | +49.4% | +43.5% |
| Crude Oil (Brent) | BNO | -0.11% | +11.5% | +35.1% | -9.5% | +17.2% |
| Crude Oil (West Texas) | DBO | -0.087% | +14.4% | +33.7% | +15.8% | +35.9% |
| Copper | CPER | -0.081% | +7.8% | +25.7% | +73.8% | +107.5% |
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.
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