Sugar, Natural Gas Join in Commodities Rally While Coffee Slumps - Commodities Daily Markets Wrap

Commodities climbed by 1.0% today led by gains in sugar and natural gas, while coffee prices saw the largest decline

Jun 08, 2021 by Kwhen Finance Editors

Sugar, Natural Gas Join in Commodities Rally While Coffee Slumps - Commodities Daily Markets Wrap

Global commodity rose by 1.0% today fueled by a 1.9% increase in sugar and a 1.7% increase in natural gas. Sugar is currently up 17.3% year-to-date, and up 39.7% over the past 12 months. Natural Gas is currently up 17.6% year-to-date, and down 2.7% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 13.3% year-to-date, and up 34.3% over the past 12 months. The Dow Jones Industrial Average is currently up 14.1% year-to-date, and up 30.2% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 1.0%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.8%.
  • Sugar rose the most with a 1.9% gain
  • Coffee fell the most with a 1.3% decline
  • Others commodities that gained include Natural Gas, Corn and Crude Oil (Brent), which rose by an average of 1.5%
  • Others commodities that declined include Silver and Gold, which rose by an average of -0.7%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+1.0%+28.0%+51.7%+4.9%-1.2%
Bloomberg Commodity Index TRDJCB+0.76%+22.0%+49.0%+19.9%+19.9%
S&P 500SPY0.0%+13.3%+34.3%+52.2%+119.3%
Dow Jones Industrial AverageDIA0.0%+14.1%+30.2%+38.9%+115.3%
Gainers
SugarSGG+1.9%+17.3%+39.7%+24.9%+9.3%
Natural GasUNG+1.7%+17.6%-2.7%-46.0%-63.9%
CornCORN+1.6%+40.2%+76.6%+33.3%-5.9%
Crude Oil (Brent)BNO+1.3%+41.6%+65.7%-0.9%+16.9%
Crude Oil (West Texas)DBO+1.2%+45.8%+74.1%+31.4%+35.6%
SoybeanSOYB+0.98%+25.9%+73.6%+62.1%+16.7%
CocoaNIB+0.73%-7.2%+2.8%+1.4%-25.9%
WheatWEAT+0.58%+10.8%+28.7%+22.1%-27.5%
CopperCPER+0.50%+28.2%+73.6%+70.1%+104.2%
Losers
CoffeeJO-1.3%+21.8%+44.2%+29.0%-7.6%
SilverSLV-1.1%+5.4%+59.9%+84.2%+66.0%
GoldIAU-0.33%-0.2%+12.7%+41.0%+50.9%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Sugar outperformed the most by +0.9%. with Natural Gas as the next best performer with a relative outperformance of +0.6%.
  • Additional commodities that outperformed the S&P GSCI Index included Corn, Crude Oil (Brent) and Crude Oil (West Texas) by an average of +0.4%.
  • Relative to the S&P GSCI Total Return Index, Coffee underperformed the most by -2.3%. with Silver as the next worst performer with a relative underperformance of -2.1%.
  • Additional commodities that underperformed the S&P GSCI Index included Gold, Copper and Wheat by an average of -0.8%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+1.0%+28.0%+51.7%+4.9%-1.2%
Relative Outperformers
SugarSGG+0.91%-10.7%-12.0%+20.0%+10.5%
Natural GasUNG+0.65%-10.4%-54.4%-51.0%-62.7%
CornCORN+0.63%+12.3%+24.9%+28.4%-4.8%
Crude Oil (Brent)BNO+0.25%+13.6%+13.9%-5.8%+18.1%
Crude Oil (West Texas)DBO+0.21%+17.8%+22.3%+26.4%+36.8%
Relative Underperformers
CoffeeJO-2.3%-6.2%-7.6%+24.0%-6.4%
SilverSLV-2.1%-22.6%+8.1%+79.3%+67.2%
GoldIAU-1.3%-28.2%-39.1%+36.1%+52.1%
CopperCPER-0.51%+0.2%+21.9%+65.2%+105.4%
WheatWEAT-0.43%-17.2%-23.0%+17.1%-26.3%
CocoaNIB-0.29%-35.2%-48.9%-3.5%-24.7%
SoybeanSOYB-0.035%-2.1%+21.9%+57.2%+17.8%

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