Natural Gas, Cocoa Join in Commodities Selloff While Silver Rallies - Commodities Daily Markets Wrap

Commodities declined by 0.1% today led by losses in natural gas and cocoa, while silver prices saw the largest gain

Mar 15, 2021 by Kwhen Finance Editors

Natural Gas, Cocoa Join in Commodities Selloff While Silver Rallies - Commodities Daily Markets Wrap

Global commodity fell by 0.1% today fueled by a 3.5% decline in natural gas and a 2.2% decline in cocoa. Natural Gas is currently up 5.3% year-to-date, and down 34.3% over the past 12 months. Cocoa is currently up 4.8% year-to-date, and up 15.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 5.4% year-to-date, and up 49.0% over the past 12 months. The Dow Jones Industrial Average is currently up 7.6% year-to-date, and up 44.4% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 0.1%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.1%.
  • Silver rose the most with a 1.2% gain
  • Natural Gas fell the most with a 3.5% decline
  • Others commodities that gained include Corn, Gold and Sugar, which rose by an average of 0.4%
  • Others commodities that declined include Cocoa, Coffee and Crude Oil (Brent), which rose by an average of -1.4%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG-0.14%+19.1%+31.7%-7.4%+4.9%
Bloomberg Commodity Index TRDJCB+0.093%+10.8%+33.0%+8.9%+8.9%
S&P 500SPY0.0%+5.4%+49.0%+45.5%+114.3%
Dow Jones Industrial AverageDIA0.0%+7.6%+44.4%+33.1%+112.6%
Gainers
SilverSLV+1.2%-2.2%+75.5%+68.8%+64.8%
CornCORN+0.53%+9.6%+24.1%+9.0%-19.6%
GoldIAU+0.30%-9.3%+13.0%+32.5%+38.3%
SugarSGG+0.27%+8.9%+32.8%+16.4%+1.5%
WheatWEAT+0.16%-0.5%+17.1%+16.7%-32.5%
SoybeanSOYB+0.094%+9.5%+52.8%+32.4%+19.8%
Losers
Natural GasUNG-3.5%+5.3%-34.3%-61.4%-62.4%
CocoaNIB-2.2%+4.8%+15.3%+31.0%-16.8%
CoffeeJO-1.5%+3.2%+13.7%+10.7%-21.7%
Crude Oil (Brent)BNO-0.52%+35.3%+54.8%-8.4%+41.8%
Crude Oil (West Texas)DBO-0.088%+34.2%+68.8%+9.9%+51.9%
CopperCPER-0.078%+17.7%+64.2%+41.4%+71.2%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Silver outperformed the most by +1.4%. with Corn as the next best performer with a relative outperformance of +0.7%.
  • Additional commodities that outperformed the S&P GSCI Index included Gold, Sugar and Wheat by an average of +0.4%.
  • Relative to the S&P GSCI Total Return Index, Natural Gas underperformed the most by -3.4%. with Cocoa as the next worst performer with a relative underperformance of -2.1%.
  • Additional commodities that underperformed the S&P GSCI Index included Coffee and Crude Oil (Brent) by an average of -0.9%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG-0.14%+19.1%+31.7%-7.4%+4.9%
Relative Outperformers
SilverSLV+1.4%-21.3%+43.9%+76.1%+60.0%
CornCORN+0.66%-9.4%-7.5%+16.4%-24.5%
GoldIAU+0.44%-28.4%-18.7%+39.9%+33.4%
SugarSGG+0.41%-10.2%+1.2%+23.8%-3.4%
WheatWEAT+0.30%-19.5%-14.5%+24.0%-37.4%
SoybeanSOYB+0.23%-9.6%+21.2%+39.7%+14.9%
CopperCPER+0.058%-1.4%+32.6%+48.8%+66.4%
Crude Oil (West Texas)DBO+0.048%+15.1%+37.1%+17.3%+47.0%
Relative Underperformers
Natural GasUNG-3.4%-13.7%-66.0%-54.0%-67.2%
CocoaNIB-2.1%-14.2%-16.4%+38.4%-21.7%
CoffeeJO-1.3%-15.9%-17.9%+18.1%-26.6%
Crude Oil (Brent)BNO-0.38%+16.3%+23.1%-1.0%+37.0%

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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