Commodities Decline Led By Slumps in Sugar and Cocoa - Commodities Weekly Markets Wrap

Commodities declined by 0.6% this week led by losses in sugar and cocoa, while natural gas prices saw the largest gain

Mar 26, 2021 by Kwhen Finance Editors

Commodities Decline Led By Slumps in Sugar and Cocoa - Commodities Weekly Markets Wrap

Global commodity fell by 0.6% this week fueled by a 5.0% decline in sugar and a 3.6% decline in cocoa. Sugar is currently up 1.8% year-to-date, and up 26.4% over the past 12 months. Cocoa is currently down 0.9% year-to-date, and up 17.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 4.6% year-to-date, and up 60.4% over the past 12 months. The Dow Jones Industrial Average is currently up 7.1% year-to-date, and up 56.9% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 0.6%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 0.7%.
  • Natural Gas rose the most with a 3.8% gain
  • Sugar fell the most with a 5.0% decline
  • Others commodities that gained include Soybean, which rose by an average of 1.4%
  • Others commodities that declined include Cocoa, Silver and Wheat, which rose by an average of -3.0%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+2.6%+11.8%+38.2%-13.8%-1.5%
Bloomberg Commodity Index TRDJCB+1.5%+6.7%+32.2%+4.9%+4.9%
S&P 500SPY-0.56%+4.6%+60.4%+44.8%+110.9%
Dow Jones Industrial AverageDIA-0.65%+7.1%+56.9%+33.5%+108.1%
Gainers
Natural GasUNG+0.21%+4.8%-26.1%-60.5%-62.3%
SoybeanSOYB-0.66%+7.9%+48.8%+30.1%+16.5%
Losers
SugarSGG+1.1%+1.8%+26.4%+7.8%-5.2%
CocoaNIB-0.46%-0.9%+17.3%+23.0%-18.1%
SilverSLV-0.26%-5.2%+72.4%+60.0%+61.4%
WheatWEAT+0.68%-4.8%+1.9%+8.3%-33.5%
CopperCPER+1.7%+13.5%+78.9%+38.1%+66.7%
Crude Oil (Brent)BNO+4.4%+20.9%+69.6%-18.1%+24.4%
Crude Oil (West Texas)DBO+3.9%+23.1%+68.8%+1.0%+37.4%
CoffeeJO+1.6%-1.7%-9.3%+8.5%-25.5%
GoldIAU+0.36%-9.3%+7.1%+29.8%+39.9%
CornCORN+0.36%+7.8%+26.7%+4.7%-21.0%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Natural Gas outperformed the most by +4.3%. with Soybean as the next best performer with a relative outperformance of +2.0%.
  • Additional commodities that outperformed the S&P GSCI Index included Corn and Gold by an average of +0.2%.
  • Relative to the S&P GSCI Total Return Index, Sugar underperformed the most by -4.4%. with Cocoa as the next worst performer with a relative underperformance of -3.0%.
  • Additional commodities that underperformed the S&P GSCI Index included Silver, Wheat and Copper by an average of -1.7%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+2.6%+11.8%+38.2%-13.8%-1.5%
Relative Outperformers
Natural GasUNG-2.4%-7.0%-64.3%-46.7%-60.8%
SoybeanSOYB-3.3%-3.9%+10.6%+43.8%+18.0%
CornCORN-2.3%-4.0%-11.5%+18.5%-19.5%
GoldIAU-2.2%-21.1%-31.1%+43.5%+41.4%
Relative Underperformers
SugarSGG-1.5%-10.0%-11.8%+21.6%-3.7%
CocoaNIB-3.1%-12.6%-20.9%+36.8%-16.6%
SilverSLV-2.9%-17.0%+34.2%+73.7%+62.9%
WheatWEAT-1.9%-16.6%-36.3%+22.0%-32.0%
CopperCPER-0.95%+1.8%+40.7%+51.9%+68.2%
Crude Oil (Brent)BNO+1.8%+9.1%+31.4%-4.3%+25.9%
Crude Oil (West Texas)DBO+1.3%+11.4%+30.6%+14.7%+38.9%
CoffeeJO-0.98%-13.4%-47.6%+22.2%-24.0%

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