Corn, Wheat Join in Commodities Selloff While Cocoa Rallies - Commodities Weekly Markets Wrap
Commodities declined by 1.8% this week led by losses in corn and wheat, while cocoa prices saw the largest gain
May 14, 2021 by Kwhen Finance Editors
Global commodity fell by 1.8% this week fueled by a 9.2% decline in corn and a 6.5% decline in wheat. Corn is currently up 31.8% year-to-date, and up 72.4% over the past 12 months. Wheat is currently up 10.6% year-to-date, and up 32.7% 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, fell by 1.8%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 1.4%.
- Cocoa rose the most with a 3.6% gain
- Corn fell the most with a 9.2% decline
- Others commodities that gained include Copper, Natural Gas and Gold, which rose by an average of 1.0%
- Others commodities that declined include Wheat, Coffee and Sugar, which rose by an average of -4.5%
| 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 | ||||||
| Cocoa | NIB | -0.71% | -0.7% | +8.3% | +18.8% | -17.3% |
| Copper | CPER | -0.62% | +32.8% | +95.1% | +69.8% | +107.6% |
| Natural Gas | UNG | -0.094% | +15.8% | -6.0% | -53.1% | -60.7% |
| Gold | IAU | +0.80% | -3.9% | +6.2% | +40.0% | +41.9% |
| Losers | ||||||
| Corn | CORN | -3.0% | +31.8% | +72.4% | +38.1% | -6.0% |
| Wheat | WEAT | -0.22% | +10.6% | +32.7% | +37.4% | -22.2% |
| Coffee | JO | -1.7% | +12.1% | +27.0% | +32.9% | -15.0% |
| Sugar | SGG | -1.6% | +16.0% | +63.4% | +31.2% | +8.0% |
| Crude Oil (Brent) | BNO | +2.5% | +32.3% | +121.0% | -15.0% | +16.5% |
| Soybean | SOYB | +0.34% | +20.9% | +74.4% | +64.0% | +17.6% |
| 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% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Cocoa outperformed the most by +5.4%. with Copper as the next best performer with a relative outperformance of +3.0%.
- Additional commodities that outperformed the S&P GSCI Index included Natural Gas, Gold and Silver by an average of +2.1%.
- Relative to the S&P GSCI Total Return Index, Corn underperformed the most by -7.4%. with Wheat as the next worst performer with a relative underperformance of -4.7%.
- Additional commodities that underperformed the S&P GSCI Index included Coffee and Sugar by an average of -1.7%.
| 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 | ||||||
| Cocoa | NIB | -1.3% | -24.1% | -65.1% | +22.8% | -17.8% |
| Copper | CPER | -1.2% | +9.3% | +21.7% | +73.8% | +107.1% |
| Natural Gas | UNG | -0.69% | -7.7% | -79.4% | -49.1% | -61.2% |
| Gold | IAU | +0.21% | -27.4% | -67.1% | +44.1% | +41.4% |
| Silver | SLV | +0.60% | -21.0% | -0.4% | +85.8% | +54.1% |
| Crude Oil (West Texas) | DBO | +1.2% | +12.7% | +35.0% | +15.0% | +35.5% |
| Soybean | SOYB | -0.25% | -2.5% | +1.0% | +68.1% | +17.2% |
| Crude Oil (Brent) | BNO | +1.9% | +8.9% | +47.7% | -11.0% | +16.0% |
| Relative Underperformers | ||||||
| Corn | CORN | -3.6% | +8.3% | -1.0% | +42.1% | -6.5% |
| Wheat | WEAT | -0.81% | -12.9% | -40.7% | +41.5% | -22.7% |
| Coffee | JO | -2.3% | -11.4% | -46.3% | +36.9% | -15.5% |
| Sugar | SGG | -2.2% | -7.5% | -9.9% | +35.3% | +7.6% |
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.
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