Commodities Rally Led By Gains in Copper and Sugar - Commodities Daily Markets Wrap

Commodities climbed by 0.8% today led by gains in copper and sugar, while corn prices saw the smallest gain

Apr 15, 2021 by Kwhen Finance Editors

Commodities Rally Led By Gains in Copper and Sugar - Commodities Daily Markets Wrap

Global commodity rose by 0.8% today fueled by a 2.9% increase in copper and a 2.3% increase in sugar. Copper is currently up 16.8% year-to-date, and up 70.6% over the past 12 months. Sugar is currently up 7.3% year-to-date, and up 51.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 10.4% year-to-date, and up 47.3% over the past 12 months. The Dow Jones Industrial Average is currently up 10.9% year-to-date, and up 43.6% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.8%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.9%.
  • Copper rose the most with a 2.9% gain
  • Corn rose the most with a 0.1% gain
  • Others commodities that gained include Sugar, Coffee and Silver, which rose by an average of 2.0%
  • No commodities declined today.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+0.83%+17.5%+50.8%-12.8%+1.1%
Bloomberg Commodity Index TRDJCB+0.87%+10.6%+38.1%+8.7%+8.7%
S&P 500SPY0.0%+10.4%+47.3%+47.0%+117.5%
Dow Jones Industrial AverageDIA0.0%+10.9%+43.6%+33.4%+110.4%
Gainers
CopperCPER+2.9%+16.8%+70.6%+37.8%+74.7%
SugarSGG+2.3%+7.3%+51.3%+11.4%-0.0%
CoffeeJO+2.0%+0.9%+1.6%+16.4%-23.5%
SilverSLV+1.9%-4.0%+61.0%+67.9%+53.8%
Natural GasUNG+1.8%+4.7%-22.7%-58.8%-64.0%
GoldIAU+1.6%-8.7%+0.1%+34.0%+39.9%
WheatWEAT+0.63%+1.9%+11.1%+18.2%-27.9%
Crude Oil (Brent)BNO+0.60%+30.1%+83.8%-17.6%+25.2%
SoybeanSOYB+0.47%+9.5%+54.2%+33.8%+14.1%
CocoaNIB+0.36%-2.7%+13.8%+10.0%-19.6%
Crude Oil (West Texas)DBO+0.18%+33.2%+72.2%+4.1%+43.2%
CornCORN+0.054%+18.0%+48.1%+19.8%-13.3%
Losers

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Copper outperformed the most by +2.0%. with Sugar as the next best performer with a relative outperformance of +1.4%.
  • Additional commodities that outperformed the S&P GSCI Index included Coffee, Silver and Natural Gas by an average of +1.0%.
  • Relative to the S&P GSCI Total Return Index, Corn underperformed the most by -0.8%. with Crude Oil (West Texas) as the next worst performer with a relative underperformance of -0.7%.
  • Additional commodities that underperformed the S&P GSCI Index included Cocoa, Soybean and Crude Oil (Brent) by an average of -0.4%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+0.83%+17.5%+50.8%-12.8%+1.1%
Relative Outperformers
CopperCPER+2.0%-0.7%+19.9%+50.7%+73.6%
SugarSGG+1.4%-10.2%+0.6%+24.2%-1.1%
CoffeeJO+1.2%-16.6%-49.2%+29.2%-24.6%
SilverSLV+1.0%-21.5%+10.2%+80.7%+52.7%
Natural GasUNG+0.94%-12.8%-73.4%-45.9%-65.1%
GoldIAU+0.80%-26.2%-50.7%+46.8%+38.8%
Relative Underperformers
CornCORN-0.77%+0.5%-2.7%+32.6%-14.4%
Crude Oil (West Texas)DBO-0.65%+15.7%+21.5%+16.9%+42.1%
CocoaNIB-0.47%-20.2%-36.9%+22.8%-20.7%
SoybeanSOYB-0.35%-8.0%+3.4%+46.6%+13.0%
Crude Oil (Brent)BNO-0.23%+12.6%+33.0%-4.8%+24.1%
WheatWEAT-0.19%-15.6%-39.7%+31.0%-29.0%

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