Global commodity rose by 0.1% this week fueled by a 6.1% increase in coffee and a 5.3% increase in sugar. Coffee is currently up 40.3% year-to-date, and up 52.7% over the past 12 months. Sugar is currently up 31.6% year-to-date, and up 49.4% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 19.8% year-to-date, and up 33.9% over the past 12 months. The Dow Jones Industrial Average is currently up 17.2% year-to-date, and up 29.1% over the past 12 months.
Sector Performance
- The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 0.1%.
- The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by fell by 0.3%.
- Coffee rose the most with a 6.1% gain
- Silver fell the most with a 7.7% decline
- Others commodities that gained include Sugar, Cocoa and Wheat, which rose by an average of 5.0%
- Others commodities that declined include Natural Gas, Gold and Crude Oil (Brent), which rose by an average of -3.0%
Relative Sector Performance
- Relative to the S&P GSCI Total Return Index, Coffee outperformed the most by +6.0%. with Sugar as the next best performer with a relative outperformance of +5.3%.
- Additional commodities that outperformed the S&P GSCI Index included Cocoa, Wheat and Corn by an average of +4.2%.
- Relative to the S&P GSCI Total Return Index, Silver underperformed the most by -7.8%. with Natural Gas as the next worst performer with a relative underperformance of -6.1%.
- Additional commodities that underperformed the S&P GSCI Index included Gold and Crude Oil (Brent) by an average of -1.6%.
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