Commodities Decline Led By Slumps in Wheat and Natural Gas - Commodities Daily Markets Wrap
Commodities declined by 1.0% today led by losses in wheat and natural gas, while cocoa prices saw the largest gain
Aug 17, 2021 by Kwhen Finance Editors
Global commodity fell by 1.0% today fueled by a 3.3% decline in wheat and a 3.0% decline in natural gas. Wheat is currently up 20.8% year-to-date, and up 45.5% over the past 12 months. Natural Gas is currently up 50.5% year-to-date, and up 4.0% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 20.3% year-to-date, and up 34.7% over the past 12 months. The Dow Jones Industrial Average is currently up 17.6% year-to-date, and up 29.7% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 1.0%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 1.2%.
- Cocoa rose the most with a 1.7% gain
- Wheat fell the most with a 3.3% decline
- Others commodities that gained include Sugar, which rose by an average of 0.2%
- Others commodities that declined include Natural Gas, Copper and Coffee, which rose by an average of -2.5%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.0% | +27.7% | +42.7% | +6.9% | +5.9% |
| Bloomberg Commodity Index TR | DJCB | -1.2% | +23.1% | +36.7% | +21.0% | +21.0% |
| S&P 500 | SPY | -0.66% | +20.3% | +34.7% | +60.2% | +125.0% |
| Dow Jones Industrial Average | DIA | -0.77% | +17.6% | +29.7% | +43.1% | +113.7% |
| Gainers | ||||||
| Cocoa | NIB | +1.7% | -1.2% | +4.3% | +24.3% | -21.4% |
| Sugar | SGG | +0.18% | +34.5% | +50.1% | +57.3% | +25.3% |
| Losers | ||||||
| Wheat | WEAT | -3.3% | +20.8% | +45.5% | +46.4% | -4.1% |
| Natural Gas | UNG | -3.0% | +50.5% | +4.0% | -27.5% | -55.8% |
| Copper | CPER | -2.5% | +21.7% | +48.7% | +63.0% | +84.7% |
| Coffee | JO | -1.9% | +37.4% | +45.5% | +61.1% | +4.2% |
| Crude Oil (West Texas) | DBO | -0.98% | +45.2% | +59.8% | +32.2% | +42.5% |
| Corn | CORN | -0.97% | +35.0% | +73.9% | +39.3% | +11.7% |
| Silver | SLV | -0.90% | -10.1% | -10.1% | +38.0% | +17.4% |
| Crude Oil (Brent) | BNO | -0.72% | +40.4% | +55.3% | +3.6% | +24.3% |
| Soybean | SOYB | -0.26% | +20.1% | +63.6% | +54.4% | +22.0% |
| Gold | IAU | -0.15% | -6.2% | -8.3% | +17.4% | +31.1% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Cocoa outperformed the most by +2.7%. with Sugar as the next best performer with a relative outperformance of +1.2%.
- Additional commodities that outperformed the S&P GSCI Index included Gold, Soybean and Crude Oil (Brent) by an average of +0.6%.
- Relative to the S&P GSCI Total Return Index, Wheat underperformed the most by -2.3%. with Natural Gas as the next worst performer with a relative underperformance of -2.0%.
- Additional commodities that underperformed the S&P GSCI Index included Copper and Coffee by an average of -1.2%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.0% | +27.7% | +42.7% | +6.9% | +5.9% |
| Relative Outperformers | ||||||
| Cocoa | NIB | +2.7% | -28.8% | -38.4% | +17.4% | -27.3% |
| Sugar | SGG | +1.2% | +6.8% | +7.4% | +50.4% | +19.5% |
| Gold | IAU | +0.87% | -33.8% | -51.0% | +10.5% | +25.2% |
| Soybean | SOYB | +0.76% | -7.5% | +20.9% | +47.5% | +16.2% |
| Crude Oil (Brent) | BNO | +0.30% | +12.7% | +12.6% | -3.4% | +18.5% |
| Silver | SLV | +0.11% | -37.7% | -52.8% | +31.0% | +11.6% |
| Corn | CORN | +0.042% | +7.3% | +31.2% | +32.3% | +5.9% |
| Crude Oil (West Texas) | DBO | +0.036% | +17.5% | +17.1% | +25.3% | +36.7% |
| Relative Underperformers | ||||||
| Wheat | WEAT | -2.3% | -6.8% | +2.8% | +39.5% | -10.0% |
| Natural Gas | UNG | -2.0% | +22.9% | -38.7% | -34.4% | -61.6% |
| Copper | CPER | -1.4% | -5.9% | +6.0% | +56.0% | +78.9% |
| Coffee | JO | -0.91% | +9.8% | +2.8% | +54.2% | -1.6% |
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.
Was this content valuable for you?
Tags: