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

Commodities declined by 0.4% today led by losses in silver and sugar, while cocoa prices saw the largest gain

Mar 22, 2021 by Kwhen Finance Editors

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

Global commodity fell by 0.4% today fueled by a 1.5% decline in silver and a 1.2% decline in sugar. Silver is currently down 1.1% year-to-date, and up 109.2% over the past 12 months. Sugar is currently up 6.1% year-to-date, and up 40.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 4.5% year-to-date, and up 73.0% over the past 12 months. The Dow Jones Industrial Average is currently up 7.1% year-to-date, and up 73.3% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 0.4%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 0.1%.
  • Cocoa rose the most with a 1.5% gain
  • Silver fell the most with a 1.5% decline
  • Others commodities that gained include Natural Gas, Coffee and Copper, which rose by an average of 1.2%
  • Others commodities that declined include Sugar, Corn 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-0.42%+15.2%+47.3%-11.8%-1.2%
Bloomberg Commodity Index TRDJCB+0.13%+8.8%+40.9%+7.0%+7.0%
S&P 500SPY+0.80%+4.5%+73.0%+41.8%+109.2%
Dow Jones Industrial AverageDIA+0.38%+7.1%+73.3%+31.1%+106.8%
Gainers
CocoaNIB+1.5%+0.3%+21.4%+30.5%-20.5%
Natural GasUNG+1.4%+3.2%-24.3%-61.8%-63.0%
CoffeeJO+1.2%-0.6%-0.2%+9.1%-24.7%
CopperCPER+1.1%+16.1%+89.3%+38.5%+64.9%
WheatWEAT+0.33%-3.1%+9.1%+11.3%-32.6%
Losers
SilverSLV-1.5%-1.1%+109.2%+67.7%+61.4%
SugarSGG-1.2%+6.1%+40.3%+12.4%-1.2%
CornCORN-0.47%+8.9%+30.5%+6.7%-20.3%
GoldIAU-0.24%-8.4%+16.7%+32.5%+38.3%
Crude Oil (Brent)BNO-0.18%+26.2%+79.3%-15.2%+25.9%
Crude Oil (West Texas)DBO-0.093%+28.0%+87.0%+4.3%+38.8%
SoybeanSOYB-0.048%+7.5%+51.1%+29.1%+16.9%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Cocoa outperformed the most by +1.9%. with Natural Gas as the next best performer with a relative outperformance of +1.8%.
  • Additional commodities that outperformed the S&P GSCI Index included Coffee, Copper and Wheat by an average of +1.3%.
  • Relative to the S&P GSCI Total Return Index, Silver underperformed the most by -1.1%. with Sugar as the next worst performer with a relative underperformance of -0.8%.
  • Additional commodities that underperformed the S&P GSCI Index included Corn by an average of -0.0%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG-0.42%+15.2%+47.3%-11.8%-1.2%
Relative Outperformers
CocoaNIB+1.9%-14.9%-25.9%+42.3%-19.3%
Natural GasUNG+1.8%-12.0%-71.6%-50.0%-61.9%
CoffeeJO+1.6%-15.8%-47.5%+20.9%-23.5%
CopperCPER+1.5%+0.9%+42.0%+50.3%+66.1%
WheatWEAT+0.76%-18.2%-38.2%+23.1%-31.4%
SoybeanSOYB+0.37%-7.7%+3.8%+40.9%+18.1%
Crude Oil (West Texas)DBO+0.33%+12.8%+39.7%+16.1%+40.0%
Crude Oil (Brent)BNO+0.24%+11.1%+32.0%-3.4%+27.0%
GoldIAU+0.18%-23.6%-30.6%+44.3%+39.5%
Relative Underperformers
SilverSLV-1.1%-16.2%+61.9%+79.5%+62.6%
SugarSGG-0.82%-9.1%-7.0%+24.2%+0.0%
CornCORN-0.049%-6.3%-16.8%+18.5%-19.2%

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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