Soybean, Corn Join in Commodities Selloff While Natural Gas Rallies - Commodities Weekly Markets Wrap
Commodities declined by 3.2% this week led by losses in soybean and corn, while natural gas prices saw the largest gain
Jun 18, 2021 by Kwhen Finance Editors
Global commodity fell by 3.2% this week fueled by a 13.4% decline in soybean and a 12.5% decline in corn. Soybean is currently up 9.8% year-to-date, and up 52.5% over the past 12 months. Corn is currently up 26.1% year-to-date, and up 60.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 13.2% year-to-date, and up 37.6% over the past 12 months. The Dow Jones Industrial Average is currently up 11.5% year-to-date, and up 31.9% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 3.2%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 5.5%.
- Natural Gas rose the most with a 3.0% gain
- Soybean fell the most with a 13.4% decline
- Others commodities that gained include Crude Oil (Brent) and Crude Oil (West Texas), which rose by an average of 0.4%
- Others commodities that declined include Corn, Silver and Copper, which rose by an average of -9.0%
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | +0.97% | +25.1% | +51.3% | +3.2% | -1.5% |
| Bloomberg Commodity Index TR | DJCB | +0.97% | +16.4% | +44.5% | +14.4% | +14.4% |
| S&P 500 | SPY | 0.0% | +13.2% | +37.6% | +51.2% | +123.5% |
| Dow Jones Industrial Average | DIA | 0.0% | +11.5% | +31.9% | +35.0% | +113.3% |
| Gainers | ||||||
| Natural Gas | UNG | -0.96% | +24.1% | +12.8% | -43.7% | -64.1% |
| Crude Oil (Brent) | BNO | +0.48% | +44.6% | +76.3% | +4.9% | +24.9% |
| Crude Oil (West Texas) | DBO | +0.48% | +47.4% | +81.7% | +36.7% | +41.9% |
| Losers | ||||||
| Soybean | SOYB | +5.0% | +9.8% | +52.5% | +34.4% | +0.1% |
| Corn | CORN | +4.7% | +26.1% | +60.3% | +12.9% | -16.7% |
| Silver | SLV | -0.71% | -2.1% | +47.3% | +73.0% | +44.9% |
| Copper | CPER | -0.82% | +18.3% | +58.3% | +55.2% | +88.4% |
| Gold | IAU | -0.56% | -6.9% | +2.1% | +31.6% | +34.8% |
| Wheat | WEAT | +3.4% | +3.1% | +25.6% | +7.6% | -29.6% |
| Coffee | JO | +0.47% | +13.2% | +39.6% | +26.1% | -14.1% |
| Sugar | SGG | -0.90% | +12.5% | +35.1% | +19.1% | +4.8% |
| Cocoa | NIB | -0.51% | -8.3% | +7.7% | -1.7% | -26.6% |
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Natural Gas outperformed the most by +6.2%. with Crude Oil (Brent) as the next best performer with a relative outperformance of +4.1%.
- Additional commodities that outperformed the S&P GSCI Index included Crude Oil (West Texas) and Cocoa by an average of +1.9%.
- Relative to the S&P GSCI Total Return Index, Soybean underperformed the most by -10.2%. with Corn as the next worst performer with a relative underperformance of -9.3%.
- Additional commodities that underperformed the S&P GSCI Index included Silver, Copper and Gold by an average of -3.8%.
| Name | Ticker | DoD %Δ | YTD %Δ | 1 Yr %Δ | 2 Yr %Δ | 5 Yr %Δ |
|---|---|---|---|---|---|---|
| Market | ||||||
| S&P GSCI Total Return Index | GSG | +0.97% | +25.1% | +51.3% | +3.2% | -1.5% |
| Relative Outperformers | ||||||
| Natural Gas | UNG | -1.9% | -0.9% | -38.5% | -47.0% | -62.6% |
| Crude Oil (Brent) | BNO | -0.49% | +19.6% | +24.9% | +1.7% | +26.4% |
| Crude Oil (West Texas) | DBO | -0.49% | +22.4% | +30.4% | +33.5% | +43.4% |
| Cocoa | NIB | -1.5% | -33.3% | -43.6% | -4.9% | -25.1% |
| Relative Underperformers | ||||||
| Soybean | SOYB | +4.0% | -15.3% | +1.2% | +31.2% | +1.7% |
| Corn | CORN | +3.8% | +1.1% | +9.0% | +9.7% | -15.2% |
| Silver | SLV | -1.7% | -27.2% | -4.0% | +69.8% | +46.4% |
| Copper | CPER | -1.8% | -6.8% | +6.9% | +51.9% | +89.9% |
| Gold | IAU | -1.5% | -32.0% | -49.2% | +28.4% | +36.3% |
| Wheat | WEAT | +2.5% | -22.0% | -25.7% | +4.4% | -28.0% |
| Coffee | JO | -0.50% | -11.8% | -11.8% | +22.9% | -12.6% |
| Sugar | SGG | -1.9% | -12.6% | -16.2% | +15.9% | +6.3% |
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