Commodities Decline Led By Slumps in Cocoa and Silver - Commodities Daily Markets Wrap

Commodities declined by 1.6% today led by losses in cocoa and silver, while sugar prices saw the smallest decline

Mar 30, 2021 by Kwhen Finance Editors

Commodities Decline Led By Slumps in Cocoa and Silver - Commodities Daily Markets Wrap

Global commodity fell by 1.6% today fueled by a 4.2% decline in cocoa and a 2.8% decline in silver. Cocoa is currently down 2.2% year-to-date, and up 15.4% over the past 12 months. Silver is currently down 6.8% year-to-date, and up 70.5% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 6.2% year-to-date, and up 58.7% over the past 12 months. The Dow Jones Industrial Average is currently up 8.9% year-to-date, and up 56.3% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 1.6%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 1.5%.
  • Sugar fell the least with a 0.4% decline
  • Cocoa fell the most with a 4.2% decline
  • No commodities gained today
  • Other commodities that declined include Silver, Coffee and Wheat, which rose by an average of -2.5%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG-1.6%+14.9%+47.5%-11.2%+2.1%
Bloomberg Commodity Index TRDJCB-1.5%+7.9%+36.7%+6.1%+6.1%
S&P 500SPY0.0%+6.2%+58.7%+45.3%+112.1%
Dow Jones Industrial AverageDIA0.0%+8.9%+56.3%+33.6%+110.3%
Gainers
Losers
CocoaNIB-4.2%-2.2%+15.4%+17.6%-19.5%
SilverSLV-2.8%-6.8%+70.5%+61.6%+56.9%
CoffeeJO-2.7%-2.4%+0.6%+7.6%-26.0%
WheatWEAT-2.0%-4.0%+4.2%+12.3%-34.5%
CornCORN-1.7%+7.0%+26.7%+9.5%-22.2%
GoldIAU-1.7%-10.1%+5.5%+31.7%+36.1%
Crude Oil (West Texas)DBO-1.6%+28.2%+75.8%+4.5%+44.8%
Crude Oil (Brent)BNO-1.5%+27.3%+93.9%-14.7%+34.1%
CopperCPER-1.4%+14.6%+83.3%+36.0%+69.5%
SoybeanSOYB-1.4%+6.5%+47.0%+31.7%+14.4%
Natural GasUNG-0.72%+5.8%-23.2%-58.6%-63.8%
SugarSGG-0.37%+1.6%+31.8%+7.7%-5.3%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Sugar outperformed the most by +1.3%. with Natural Gas as the next best performer with a relative outperformance of +0.9%.
  • Additional commodities that outperformed the S&P GSCI Index included Soybean, Copper and Crude Oil (Brent) by an average of +0.2%.
  • Relative to the S&P GSCI Total Return Index, Cocoa underperformed the most by -2.6%. with Silver as the next worst performer with a relative underperformance of -1.2%.
  • Additional commodities that underperformed the S&P GSCI Index included Coffee, Wheat and Corn by an average of -0.5%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG-1.6%+14.9%+47.5%-11.2%+2.1%
Relative Outperformers
SugarSGG+1.3%-13.3%-15.7%+18.9%-7.4%
Natural GasUNG+0.90%-9.2%-70.7%-47.4%-65.9%
SoybeanSOYB+0.27%-8.4%-0.5%+42.8%+12.3%
CopperCPER+0.18%-0.3%+35.8%+47.1%+67.4%
Crude Oil (Brent)BNO+0.099%+12.4%+46.4%-3.5%+32.0%
Crude Oil (West Texas)DBO+0.051%+13.3%+28.3%+15.7%+42.7%
Relative Underperformers
CocoaNIB-2.6%-17.1%-32.1%+28.8%-21.6%
SilverSLV-1.2%-21.7%+23.0%+72.7%+54.8%
CoffeeJO-1.1%-17.4%-46.9%+18.8%-28.1%
WheatWEAT-0.40%-19.0%-43.2%+23.4%-36.6%
CornCORN-0.12%-7.9%-20.8%+20.6%-24.3%
GoldIAU-0.095%-25.0%-41.9%+42.8%+34.0%

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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