Sugar, Coffee Join in Commodities Rally While Corn Slumps - Commodities Daily Markets Wrap
Commodities climbed by 1.4% today led by gains in sugar and coffee, while corn prices saw the largest decline
Jun 21, 2021 by Kwhen Finance Editors
Global commodity rose by 1.4% today fueled by a 2.8% increase in sugar and a 2.6% increase in coffee. Sugar is currently up 11.4% year-to-date, and up 34.1% over the past 12 months. Coffee is currently up 13.8% year-to-date, and up 43.1% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 11.7% year-to-date, and up 36.4% over the past 12 months. The Dow Jones Industrial Average is currently up 9.8% year-to-date, and up 31.0% 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 0.8%.
- Sugar rose the most with a 2.8% gain
- Corn fell the most with a 0.6% decline
- Others commodities that gained include Coffee, Crude Oil (Brent) and Crude Oil (West Texas), which rose by an average of 2.2%
- Others commodities that declined include Natural Gas, which rose by an average of -0.4%
| 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% | +26.3% | +50.4% | +0.3% | -1.6% |
| Bloomberg Commodity Index TR | DJCB | +0.76% | +17.5% | +44.2% | +15.5% | +15.5% |
| S&P 500 | SPY | 0.0% | +11.7% | +36.4% | +45.9% | +119.0% |
| Dow Jones Industrial Average | DIA | 0.0% | +9.8% | +31.0% | +29.7% | +108.5% |
| Gainers | ||||||
| Sugar | SGG | +2.8% | +11.4% | +34.1% | +19.7% | +3.8% |
| Coffee | JO | +2.6% | +13.8% | +43.1% | +22.0% | -13.7% |
| Crude Oil (Brent) | BNO | +2.1% | +45.3% | +70.6% | -0.8% | +22.7% |
| Crude Oil (West Texas) | DBO | +1.8% | +48.2% | +77.9% | +27.9% | +39.5% |
| Gold | IAU | +1.2% | -7.4% | +0.7% | +26.3% | +34.8% |
| Soybean | SOYB | +1.1% | +15.3% | +59.8% | +40.6% | +6.4% |
| Cocoa | NIB | +0.90% | -8.7% | +6.4% | -0.8% | -28.2% |
| Silver | SLV | +0.84% | -2.8% | +44.8% | +65.3% | +43.4% |
| Copper | CPER | +0.59% | +17.3% | +54.1% | +50.1% | +84.5% |
| Wheat | WEAT | 0.0% | +6.6% | +31.7% | +14.0% | -26.6% |
| Losers | ||||||
| Corn | CORN | -0.58% | +32.1% | +66.5% | +19.9% | -10.1% |
| Natural Gas | UNG | -0.44% | +22.9% | +10.3% | -39.8% | -65.4% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Sugar outperformed the most by +1.4%. with Coffee as the next best performer with a relative outperformance of +1.2%.
- Additional commodities that outperformed the S&P GSCI Index included Crude Oil (Brent) and Crude Oil (West Texas) by an average of +0.5%.
- Relative to the S&P GSCI Total Return Index, Corn underperformed the most by -2.0%. with Natural Gas as the next worst performer with a relative underperformance of -1.9%.
- Additional commodities that underperformed the S&P GSCI Index included Wheat, Copper and Silver by an average of -0.9%.
| 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% | +26.3% | +50.4% | +0.3% | -1.6% |
| Relative Outperformers | ||||||
| Sugar | SGG | +1.4% | -14.8% | -16.3% | +19.4% | +5.4% |
| Coffee | JO | +1.2% | -12.5% | -7.4% | +21.7% | -12.2% |
| Crude Oil (Brent) | BNO | +0.67% | +19.1% | +20.2% | -1.1% | +24.3% |
| Crude Oil (West Texas) | DBO | +0.43% | +21.9% | +27.5% | +27.6% | +41.0% |
| Relative Underperformers | ||||||
| Corn | CORN | -2.0% | +5.8% | +16.1% | +19.6% | -8.5% |
| Natural Gas | UNG | -1.9% | -3.3% | -40.1% | -40.1% | -63.9% |
| Wheat | WEAT | -1.4% | -19.7% | -18.7% | +13.7% | -25.0% |
| Copper | CPER | -0.82% | -8.9% | +3.7% | +49.8% | +86.1% |
| Silver | SLV | -0.58% | -29.1% | -5.6% | +65.0% | +45.0% |
| Cocoa | NIB | -0.51% | -35.0% | -44.0% | -1.1% | -26.6% |
| Soybean | SOYB | -0.30% | -11.0% | +9.4% | +40.3% | +8.0% |
| Gold | IAU | -0.19% | -33.7% | -49.7% | +26.0% | +36.4% |
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