Copper, Crude Oil (West Texas) Join in Commodities Selloff While Gold Rallies - Commodities Weekly Markets Wrap
Commodities declined by 4.4% this week led by losses in copper and crude oil west texas, while gold prices saw the largest gain
Aug 20, 2021 by Kwhen Finance Editors
Global commodity fell by 4.4% this week fueled by a 7.3% decline in copper and a 7.0% decline in crude oil west texas. Copper is currently up 13.7% year-to-date, and up 33.0% over the past 12 months. Crude Oil (West Texas) is currently up 38.1% year-to-date, and up 50.6% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 18.4% year-to-date, and up 32.4% over the past 12 months. The Dow Jones Industrial Average is currently up 15.3% year-to-date, and up 28.2% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 4.4%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 3.4%.
- Gold rose the most with a 1.6% gain
- Copper fell the most with a 7.3% decline
- Others commodities that gained include Cocoa, Sugar and Silver, which rose by an average of 0.8%
- Others commodities that declined include Crude Oil (West Texas), Crude Oil (Brent) and Coffee, which rose by an average of -5.9%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.9% | +23.1% | +35.7% | +2.2% | +0.2% |
| Bloomberg Commodity Index TR | DJCB | -0.94% | +18.8% | +29.4% | +16.8% | +16.8% |
| S&P 500 | SPY | +0.80% | +18.4% | +32.4% | +55.8% | +120.8% |
| Dow Jones Industrial Average | DIA | +0.48% | +15.3% | +28.2% | +38.9% | +109.2% |
| Gainers | ||||||
| Gold | IAU | +0.029% | -6.5% | -8.5% | +18.4% | +31.1% |
| Cocoa | NIB | -2.9% | -0.8% | +5.1% | +25.0% | -22.0% |
| Sugar | SGG | -1.5% | +32.7% | +45.7% | +57.3% | +23.7% |
| Silver | SLV | -0.74% | -12.5% | -13.5% | +36.2% | +17.2% |
| Losers | ||||||
| Copper | CPER | +2.3% | +13.7% | +33.0% | +51.8% | +71.7% |
| Crude Oil (West Texas) | DBO | -2.8% | +38.1% | +50.6% | +23.6% | +31.7% |
| Crude Oil (Brent) | BNO | -2.8% | +34.8% | +48.0% | -2.4% | +15.7% |
| Coffee | JO | -0.80% | +33.6% | +39.5% | +58.6% | +1.3% |
| Corn | CORN | -2.4% | +31.3% | +68.4% | +37.1% | +6.7% |
| Wheat | WEAT | -1.4% | +16.0% | +37.2% | +41.2% | -8.8% |
| Natural Gas | UNG | -0.30% | +47.0% | -2.0% | -29.2% | -56.0% |
| Soybean | SOYB | -1.9% | +16.8% | +56.6% | +52.4% | +19.0% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Gold outperformed the most by +6.0%. with Cocoa as the next best performer with a relative outperformance of +6.0%.
- Additional commodities that outperformed the S&P GSCI Index included Sugar, Silver and Soybean by an average of +4.4%.
- Relative to the S&P GSCI Total Return Index, Copper underperformed the most by -2.9%. with Crude Oil (West Texas) as the next worst performer with a relative underperformance of -2.5%.
- Additional commodities that underperformed the S&P GSCI Index included Crude Oil (Brent) and Coffee by an average of -1.0%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.9% | +23.1% | +35.7% | +2.2% | +0.2% |
| Relative Outperformers | ||||||
| Gold | IAU | +1.9% | -29.6% | -44.2% | +16.2% | +30.9% |
| Cocoa | NIB | -0.97% | -23.9% | -30.6% | +22.9% | -22.2% |
| Sugar | SGG | +0.42% | +9.6% | +10.0% | +55.2% | +23.5% |
| Silver | SLV | +1.2% | -35.6% | -49.2% | +34.1% | +17.0% |
| Soybean | SOYB | -0.025% | -6.3% | +21.0% | +50.3% | +18.8% |
| Natural Gas | UNG | +1.6% | +23.8% | -37.7% | -31.4% | -56.2% |
| Wheat | WEAT | +0.52% | -7.1% | +1.5% | +39.0% | -9.0% |
| Corn | CORN | -0.53% | +8.2% | +32.7% | +35.0% | +6.5% |
| Relative Underperformers | ||||||
| Copper | CPER | +4.3% | -9.4% | -2.6% | +49.6% | +71.5% |
| Crude Oil (West Texas) | DBO | -0.92% | +15.0% | +14.9% | +21.5% | +31.5% |
| Crude Oil (Brent) | BNO | -0.91% | +11.7% | +12.3% | -4.6% | +15.5% |
| Coffee | JO | +1.1% | +10.5% | +3.8% | +56.4% | +1.1% |
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