Global commodity fell by 0.6% today fueled by a 1.9% decline in soybean and a 1.1% decline in wheat. Soybean is currently up 19.2% year-to-date, and up 63.0% over the past 12 months. Wheat is currently up 16.0% year-to-date, and up 32.7% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 17.8% year-to-date, and up 36.0% over the past 12 months. The Dow Jones Industrial Average is currently up 14.9% year-to-date, and up 34.2% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, fell by 0.6%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 0.4%.
- Cocoa rose the most with a 3.6% gain
- Soybean fell the most with a 1.9% decline
- Others commodities that gained include Natural Gas, Coffee and Silver, which rose by an average of 1.7%
- Others commodities that declined include Wheat, Copper and Crude Oil (Brent), which rose by an average of -0.9%
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Cocoa outperformed the most by +4.2%. with Natural Gas as the next best performer with a relative outperformance of +3.4%.
- Additional commodities that outperformed the S&P GSCI Index included Coffee, Silver and Sugar by an average of +1.5%.
- Relative to the S&P GSCI Total Return Index, Soybean underperformed the most by -1.3%. with Wheat as the next worst performer with a relative underperformance of -0.6%.
- Additional commodities that underperformed the S&P GSCI Index included Copper, Crude Oil (Brent) and Corn by an average of -0.2%.
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