Commodities Decline Led By Slumps in Sugar and Cocoa - Commodities Daily Markets Wrap
Commodities declined by 1.3% today led by losses in sugar and cocoa, while natural gas prices saw the largest gain
Aug 19, 2021 by Kwhen Finance Editors
Global commodity fell by 1.3% today fueled by a 2.1% decline in sugar and a 2.0% decline in cocoa. Sugar is currently up 35.6% year-to-date, and up 54.3% over the past 12 months. Cocoa is currently up 1.2% year-to-date, and up 6.7% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 18.2% year-to-date, and up 31.6% over the past 12 months. The Dow Jones Industrial Average is currently up 15.5% year-to-date, and up 28.1% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 1.3%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 2.0%.
- Natural Gas rose the most with a 1.0% gain
- Sugar fell the most with a 2.1% decline
- Others commodities that gained include Coffee, which rose by an average of 0.3%
- Others commodities that declined include Cocoa, Soybean and Corn, which rose by an average of -1.9%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.3% | +24.7% | +37.8% | +4.5% | +1.5% |
| Bloomberg Commodity Index TR | DJCB | -2.0% | +21.3% | +31.2% | +19.2% | +19.2% |
| S&P 500 | SPY | +0.15% | +18.2% | +31.6% | +57.4% | +120.2% |
| Dow Jones Industrial Average | DIA | -0.18% | +15.5% | +28.1% | +40.5% | +109.2% |
| Gainers | ||||||
| Natural Gas | UNG | +0.97% | +45.5% | -2.3% | -29.9% | -58.1% |
| Coffee | JO | +0.34% | +33.1% | +36.5% | +56.1% | +1.0% |
| Losers | ||||||
| Sugar | SGG | -2.1% | +35.6% | +54.3% | +58.6% | +26.3% |
| Cocoa | NIB | -2.0% | +1.2% | +6.7% | +27.3% | -21.1% |
| Soybean | SOYB | -1.9% | +19.1% | +59.2% | +53.0% | +20.2% |
| Corn | CORN | -1.8% | +33.7% | +70.3% | +37.9% | +8.8% |
| Copper | CPER | -1.7% | +15.7% | +35.7% | +55.0% | +75.7% |
| Crude Oil (West Texas) | DBO | -1.5% | +40.2% | +53.1% | +27.7% | +33.6% |
| Crude Oil (Brent) | BNO | -1.3% | +36.5% | +50.1% | +0.7% | +17.1% |
| Silver | SLV | -1.1% | -11.4% | -15.9% | +35.8% | +15.9% |
| Wheat | WEAT | -0.97% | +17.1% | +38.8% | +41.9% | -7.9% |
| Gold | IAU | -0.32% | -6.2% | -11.0% | +17.4% | +30.4% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Natural Gas outperformed the most by +2.3%. with Coffee as the next best performer with a relative outperformance of +1.6%.
- Additional commodities that outperformed the S&P GSCI Index included Gold, Wheat and Silver by an average of +0.5%.
- Relative to the S&P GSCI Total Return Index, Sugar underperformed the most by -0.8%. with Cocoa as the next worst performer with a relative underperformance of -0.7%.
- Additional commodities that underperformed the S&P GSCI Index included Soybean, Corn and Copper by an average of -0.5%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | -1.3% | +24.7% | +37.8% | +4.5% | +1.5% |
| Relative Outperformers | ||||||
| Natural Gas | UNG | +2.3% | +20.8% | -40.1% | -34.4% | -59.5% |
| Coffee | JO | +1.6% | +8.4% | -1.3% | +51.6% | -0.5% |
| Gold | IAU | +0.98% | -30.9% | -48.8% | +12.9% | +29.0% |
| Wheat | WEAT | +0.33% | -7.6% | +0.9% | +37.4% | -9.3% |
| Silver | SLV | +0.15% | -36.2% | -53.7% | +31.3% | +14.5% |
| Crude Oil (Brent) | BNO | +0.049% | +11.8% | +12.3% | -3.8% | +15.7% |
| Relative Underperformers | ||||||
| Sugar | SGG | -0.79% | +10.8% | +16.5% | +54.1% | +24.9% |
| Cocoa | NIB | -0.66% | -23.6% | -31.2% | +22.8% | -22.6% |
| Soybean | SOYB | -0.60% | -5.7% | +21.4% | +48.5% | +18.7% |
| Corn | CORN | -0.48% | +9.0% | +32.5% | +33.5% | +7.4% |
| Copper | CPER | -0.41% | -9.0% | -2.2% | +50.5% | +74.2% |
| Crude Oil (West Texas) | DBO | -0.22% | +15.5% | +15.3% | +23.2% | +32.1% |
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