Commodities Decline Led By Slumps in Corn and Coffee - Commodities Daily Markets Wrap
Commodities declined by 0.3% today led by losses in corn and coffee, while natural gas prices saw the largest gain
Jun 22, 2021 by Kwhen Finance Editors
Global commodity fell by 0.3% today fueled by a 2.9% decline in corn and a 2.5% decline in coffee. Corn is currently up 31.3% year-to-date, and up 65.5% over the past 12 months. Coffee is currently up 16.7% year-to-date, and up 46.8% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 13.3% year-to-date, and up 38.4% over the past 12 months. The Dow Jones Industrial Average is currently up 11.7% year-to-date, and up 33.3% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 0.3%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 0.1%.
- Natural Gas rose the most with a 1.9% gain
- Corn fell the most with a 2.9% decline
- Others commodities that gained include Copper, Cocoa and Crude Oil (West Texas), which rose by an average of 0.7%
- Others commodities that declined include Coffee, Sugar and Soybean, which rose by an average of -2.0%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -0.25% | +28.1% | +52.6% | +1.2% | +0.3% |
| Bloomberg Commodity Index TR | DJCB | -0.087% | +18.4% | +45.3% | +16.4% | +16.4% |
| S&P 500 | SPY | 0.0% | +13.3% | +38.4% | +48.2% | +121.5% |
| Dow Jones Industrial Average | DIA | 0.0% | +11.7% | +33.3% | +32.2% | +111.9% |
| Gainers | ||||||
| Natural Gas | UNG | +1.9% | +22.4% | +9.9% | -39.8% | -65.9% |
| Copper | CPER | +1.2% | +18.0% | +55.0% | +52.4% | +83.5% |
| Cocoa | NIB | +0.73% | -7.9% | +7.4% | -2.0% | -28.2% |
| Crude Oil (West Texas) | DBO | +0.31% | +50.9% | +81.2% | +28.9% | +41.6% |
| Crude Oil (Brent) | BNO | 0.0% | +48.4% | +74.2% | +0.1% | +25.1% |
| Losers | ||||||
| Corn | CORN | -2.9% | +31.3% | +65.5% | +20.2% | -6.8% |
| Coffee | JO | -2.5% | +16.7% | +46.8% | +26.9% | -11.5% |
| Sugar | SGG | -2.0% | +14.5% | +37.9% | +24.7% | +6.7% |
| Soybean | SOYB | -1.5% | +16.5% | +61.6% | +44.2% | +9.7% |
| Wheat | WEAT | -1.2% | +6.6% | +31.7% | +14.0% | -24.5% |
| Silver | SLV | -0.96% | -2.0% | +46.0% | +67.7% | +47.0% |
| Gold | IAU | -0.41% | -6.3% | +2.0% | +26.8% | +39.1% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Natural Gas outperformed the most by +2.1%. with Copper as the next best performer with a relative outperformance of +1.4%.
- Additional commodities that outperformed the S&P GSCI Index included Cocoa, Crude Oil (West Texas) and Crude Oil (Brent) by an average of +0.6%.
- Relative to the S&P GSCI Total Return Index, Corn underperformed the most by -2.6%. 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, Soybean and Wheat 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 | -0.25% | +28.1% | +52.6% | +1.2% | +0.3% |
| Relative Outperformers | ||||||
| Natural Gas | UNG | +2.1% | -5.7% | -42.7% | -41.0% | -66.2% |
| Copper | CPER | +1.4% | -10.0% | +2.4% | +51.2% | +83.2% |
| Cocoa | NIB | +0.98% | -36.0% | -45.2% | -3.2% | -28.5% |
| Crude Oil (West Texas) | DBO | +0.57% | +22.8% | +28.6% | +27.7% | +41.3% |
| Crude Oil (Brent) | BNO | +0.25% | +20.3% | +21.6% | -1.2% | +24.9% |
| Relative Underperformers | ||||||
| Corn | CORN | -2.6% | +3.3% | +13.0% | +19.0% | -7.1% |
| Coffee | JO | -2.3% | -11.4% | -5.8% | +25.7% | -11.8% |
| Sugar | SGG | -1.7% | -13.5% | -14.7% | +23.5% | +6.5% |
| Soybean | SOYB | -1.2% | -11.5% | +9.0% | +43.0% | +9.4% |
| Wheat | WEAT | -0.96% | -21.4% | -20.8% | +12.8% | -24.7% |
| Silver | SLV | -0.70% | -30.1% | -6.5% | +66.5% | +46.8% |
| Gold | IAU | -0.16% | -34.4% | -50.6% | +25.6% | +38.9% |
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