Commodities Rally Led By Gains in Corn and Coffee - Commodities Daily Markets Wrap

Commodities climbed by 1.0% today led by gains in corn and coffee, while cocoa prices saw the smallest gain

Jun 04, 2021 by Kwhen Finance Editors

Commodities Rally Led By Gains in Corn and Coffee - Commodities Daily Markets Wrap

Global commodity rose by 1.0% today fueled by a 3.2% increase in corn and a 2.7% increase in coffee. Corn is currently up 33.2% year-to-date, and up 72.1% over the past 12 months. Coffee is currently up 19.8% year-to-date, and up 43.8% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 12.4% year-to-date, and up 36.3% over the past 12 months. The Dow Jones Industrial Average is currently up 13.9% year-to-date, and up 34.1% 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 1.6%.
  • Corn rose the most with a 3.2% gain
  • Cocoa rose the most with a 0.0% gain
  • Others commodities that gained include Coffee, Sugar and Wheat, which rose by an average of 2.1%
  • No commodities declined today.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+1.0%+27.1%+56.2%+5.2%0.0%
Bloomberg Commodity Index TRDJCB+1.6%+20.7%+50.0%+18.7%+18.7%
S&P 500SPY0.0%+12.4%+36.3%+58.1%+118.9%
Dow Jones Industrial AverageDIA0.0%+13.9%+34.1%+45.2%+116.5%
Gainers
CornCORN+3.2%+33.2%+72.1%+24.7%-8.8%
CoffeeJO+2.7%+19.8%+43.8%+24.4%-9.2%
SugarSGG+2.0%+17.0%+44.7%+27.7%+9.0%
WheatWEAT+1.6%+9.0%+28.3%+16.8%-26.7%
SoybeanSOYB+1.5%+23.3%+72.9%+55.0%+16.9%
CopperCPER+1.3%+26.4%+76.4%+65.2%+96.3%
SilverSLV+1.3%+3.6%+54.5%+83.6%+63.1%
Natural GasUNG+1.2%+17.0%-3.6%-47.7%-62.8%
GoldIAU+1.1%-1.7%+9.9%+40.5%+48.7%
Crude Oil (West Texas)DBO+0.49%+44.8%+80.9%+33.7%+39.2%
Crude Oil (Brent)BNO+0.38%+41.4%+76.6%+2.9%+20.8%
CocoaNIB+0.018%-4.8%+5.7%+9.8%-21.6%
Losers

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Corn outperformed the most by +2.2%. with Coffee as the next best performer with a relative outperformance of +1.7%.
  • Additional commodities that outperformed the S&P GSCI Index included Sugar, Wheat and Soybean by an average of +0.7%.
  • Relative to the S&P GSCI Total Return Index, Cocoa underperformed the most by -1.0%. with Crude Oil (Brent) as the next worst performer with a relative underperformance of -0.6%.
  • Additional commodities that underperformed the S&P GSCI Index included Crude Oil (West Texas) by an average of -0.5%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+1.0%+27.1%+56.2%+5.2%0.0%
Relative Outperformers
CornCORN+2.2%+6.1%+15.8%+19.5%-8.8%
CoffeeJO+1.7%-7.3%-12.4%+19.3%-9.2%
SugarSGG+0.99%-10.1%-11.6%+22.5%+9.0%
WheatWEAT+0.61%-18.0%-28.0%+11.6%-26.7%
SoybeanSOYB+0.48%-3.8%+16.7%+49.9%+16.9%
CopperCPER+0.33%-0.7%+20.1%+60.1%+96.3%
SilverSLV+0.24%-23.5%-1.7%+78.4%+63.1%
Natural GasUNG+0.19%-10.1%-59.8%-52.9%-62.8%
GoldIAU+0.10%-28.8%-46.4%+35.4%+48.7%
Relative Underperformers
CocoaNIB-1.0%-31.9%-50.5%+4.6%-21.6%
Crude Oil (Brent)BNO-0.64%+14.3%+20.4%-2.2%+20.8%
Crude Oil (West Texas)DBO-0.53%+17.8%+24.7%+28.6%+39.2%

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