Cocoa, Corn Join in Commodities Rally While Copper Slumps - Commodities Daily Markets Wrap

Commodities climbed by 0.3% today led by gains in cocoa and corn, while copper prices saw the largest decline

Jun 10, 2021 by Kwhen Finance Editors

Cocoa, Corn Join in Commodities Rally While Copper Slumps - Commodities Daily Markets Wrap

Global commodity rose by 0.3% today fueled by a 1.5% increase in cocoa and a 1.1% increase in corn. Cocoa is currently down 7.2% year-to-date, and down 0.3% over the past 12 months. Corn is currently up 42.6% year-to-date, and up 80.5% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 13.1% year-to-date, and up 33.5% over the past 12 months. The Dow Jones Industrial Average is currently up 13.5% year-to-date, and up 28.6% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.3%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.2%.
  • Cocoa rose the most with a 1.5% gain
  • Copper fell the most with a 0.7% decline
  • Others commodities that gained include Corn, Coffee and Silver, which rose by an average of 0.9%
  • Others commodities that declined include Sugar and Wheat, which rose by an average of -0.3%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+0.25%+28.9%+54.4%+5.7%-1.6%
Bloomberg Commodity Index TRDJCB+0.22%+22.9%+49.8%+20.8%+20.8%
S&P 500SPY0.0%+13.1%+33.5%+52.0%+118.6%
Dow Jones Industrial AverageDIA0.0%+13.5%+28.6%+38.2%+113.6%
Gainers
CocoaNIB+1.5%-7.2%-0.3%+1.4%-26.5%
CornCORN+1.1%+42.6%+80.5%+35.6%-3.9%
CoffeeJO+0.92%+19.7%+45.4%+26.7%-9.2%
SilverSLV+0.74%+4.9%+57.0%+83.4%+56.5%
Crude Oil (Brent)BNO+0.60%+42.5%+71.4%-0.3%+16.6%
Crude Oil (West Texas)DBO+0.57%+46.6%+77.8%+32.1%+35.4%
SoybeanSOYB+0.49%+26.1%+75.2%+62.4%+14.4%
GoldIAU+0.42%-0.7%+9.9%+40.3%+47.0%
Natural GasUNG0.0%+20.5%+1.7%-44.7%-64.7%
Losers
CopperCPER-0.68%+28.2%+70.0%+70.1%+106.6%
SugarSGG-0.38%+19.6%+43.2%+27.4%+11.5%
WheatWEAT-0.15%+10.3%+30.8%+21.5%-27.8%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Cocoa outperformed the most by +1.2%. with Corn as the next best performer with a relative outperformance of +0.8%.
  • Additional commodities that outperformed the S&P GSCI Index included Coffee, Silver and Crude Oil (Brent) by an average of +0.5%.
  • Relative to the S&P GSCI Total Return Index, Copper underperformed the most by -0.9%. with Sugar as the next worst performer with a relative underperformance of -0.6%.
  • Additional commodities that underperformed the S&P GSCI Index included Wheat and Natural Gas by an average of -0.3%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+0.25%+28.9%+54.4%+5.7%-1.6%
Relative Outperformers
CocoaNIB+1.2%-36.1%-54.7%-4.3%-24.9%
CornCORN+0.83%+13.7%+26.1%+29.9%-2.2%
CoffeeJO+0.66%-9.1%-9.0%+21.1%-7.6%
SilverSLV+0.49%-23.9%+2.6%+77.7%+58.1%
Crude Oil (Brent)BNO+0.35%+13.7%+17.0%-5.9%+18.3%
Crude Oil (West Texas)DBO+0.31%+17.7%+23.4%+26.5%+37.0%
SoybeanSOYB+0.24%-2.7%+20.8%+56.8%+16.0%
GoldIAU+0.16%-29.6%-44.5%+34.7%+48.6%
Relative Underperformers
CopperCPER-0.93%-0.7%+15.6%+64.5%+108.2%
SugarSGG-0.63%-9.2%-11.2%+21.7%+13.1%
WheatWEAT-0.40%-18.5%-23.6%+15.9%-26.2%
Natural GasUNG-0.25%-8.3%-52.7%-50.3%-63.1%

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