Crude Oil (Brent), Crude Oil (West Texas) Join in Commodities Rally While Corn Slumps - Commodities Daily Markets Wrap
Commodities climbed by 0.6% today led by gains in crude oil brent and crude oil west texas, while corn prices saw the largest decline
May 14, 2021 by Kwhen Finance Editors
Global commodity rose by 0.6% today fueled by a 2.5% increase in crude oil brent and a 1.7% increase in crude oil west texas. Crude Oil (Brent) is currently up 32.3% year-to-date, and up 121.0% over the past 12 months. Crude Oil (West Texas) is currently up 36.2% year-to-date, and up 108.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 10.1% year-to-date, and up 48.0% over the past 12 months. The Dow Jones Industrial Average is currently up 11.9% year-to-date, and up 49.1% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.6%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.4%.
- Crude Oil (Brent) rose the most with a 2.5% gain
- Corn fell the most with a 3.0% decline
- Others commodities that gained include Crude Oil (West Texas), Silver and Gold, which rose by an average of 1.2%
- Others commodities that declined include Coffee, Sugar and Cocoa, which rose 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 | +0.59% | +23.4% | +73.3% | -4.0% | +0.5% |
| Bloomberg Commodity Index TR | DJCB | +0.38% | +18.6% | +56.2% | +16.6% | +16.6% |
| S&P 500 | SPY | +1.9% | +10.1% | +48.0% | +51.5% | +120.3% |
| Dow Jones Industrial Average | DIA | +2.1% | +11.9% | +49.1% | +40.1% | +116.5% |
| Gainers | ||||||
| Crude Oil (Brent) | BNO | +2.5% | +32.3% | +121.0% | -15.0% | +16.5% |
| Crude Oil (West Texas) | DBO | +1.7% | +36.2% | +108.3% | +10.9% | +36.0% |
| Silver | SLV | +1.2% | +2.4% | +72.9% | +81.8% | +54.5% |
| Gold | IAU | +0.80% | -3.9% | +6.2% | +40.0% | +41.9% |
| Soybean | SOYB | +0.34% | +20.9% | +74.4% | +64.0% | +17.6% |
| Losers | ||||||
| Corn | CORN | -3.0% | +31.8% | +72.4% | +38.1% | -6.0% |
| Coffee | JO | -1.7% | +12.1% | +27.0% | +32.9% | -15.0% |
| Sugar | SGG | -1.6% | +16.0% | +63.4% | +31.2% | +8.0% |
| Cocoa | NIB | -0.71% | -0.7% | +8.3% | +18.8% | -17.3% |
| Copper | CPER | -0.62% | +32.8% | +95.1% | +69.8% | +107.6% |
| Wheat | WEAT | -0.22% | +10.6% | +32.7% | +37.4% | -22.2% |
| Natural Gas | UNG | -0.094% | +15.8% | -6.0% | -53.1% | -60.7% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Crude Oil (Brent) outperformed the most by +1.9%. with Crude Oil (West Texas) as the next best performer with a relative outperformance of +1.2%.
- Additional commodities that outperformed the S&P GSCI Index included Silver and Gold by an average of +0.4%.
- Relative to the S&P GSCI Total Return Index, Corn underperformed the most by -3.6%. with Coffee as the next worst performer with a relative underperformance of -2.3%.
- Additional commodities that underperformed the S&P GSCI Index included Sugar, Cocoa and Copper by an average of -1.6%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | +0.59% | +23.4% | +73.3% | -4.0% | +0.5% |
| Relative Outperformers | ||||||
| Crude Oil (Brent) | BNO | +1.9% | +8.9% | +47.7% | -11.0% | +16.0% |
| Crude Oil (West Texas) | DBO | +1.2% | +12.7% | +35.0% | +15.0% | +35.5% |
| Silver | SLV | +0.60% | -21.0% | -0.4% | +85.8% | +54.1% |
| Gold | IAU | +0.21% | -27.4% | -67.1% | +44.1% | +41.4% |
| Relative Underperformers | ||||||
| Corn | CORN | -3.6% | +8.3% | -1.0% | +42.1% | -6.5% |
| Coffee | JO | -2.3% | -11.4% | -46.3% | +36.9% | -15.5% |
| Sugar | SGG | -2.2% | -7.5% | -9.9% | +35.3% | +7.6% |
| Cocoa | NIB | -1.3% | -24.1% | -65.1% | +22.8% | -17.8% |
| Copper | CPER | -1.2% | +9.3% | +21.7% | +73.8% | +107.1% |
| Wheat | WEAT | -0.81% | -12.9% | -40.7% | +41.5% | -22.7% |
| Natural Gas | UNG | -0.69% | -7.7% | -79.4% | -49.1% | -61.2% |
| Soybean | SOYB | -0.25% | -2.5% | +1.0% | +68.1% | +17.2% |
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