Commodities
Grains Rebounded Today, But Still Down Big For The Week With Corn And Soybeans Both Falling About 10%
Crude oil inched up today, as Reuters reported that OPEC officials expect US oil output to remain muted through 2021, with shale potentially picking up in 2022 (Baker Hughes US oil rig count increased by 8 compared to last week)
Published ET
S&P GSCI Weekly Performance | Sources: ϕpost, Refinitiv data
NOTABLE GAINERS
- CBoT Soybeans up 5.0% (YTD: 6.1%)
- CBoT Wheat up 3.7% (YTD: 3.5%)
- CBoT Corn up 3.5% (YTD: 35.4%)
- CBoT Soybean Meal up 3.3% (YTD: -14.0%)
- CBoT Rough Rice up 3.1% (YTD: 1.7%)
- Freightos Baltic Europe To South America East Coast 40 Container Index up 3.0% (YTD: 163.8%)
- Gold/US Dollar 1 Month ATM Option up 2.9% (YTD: -12.4%)
- CBoT Soybean Oil up 2.7% (YTD: 34.1%)
- SHFE Hot Rolled Coil up 2.3% (YTD: 22.0%)
- Freightos Baltic China/East Asia To North America East Coast 40 Container Index up 2.2% (YTD: 86.9%)
NOTABLE LOSERS
- Pork Primal Cutout Butt down -10.8% (YTD: 134.6%)
- CBOE Crude Oil Volatility Index down -7.8% (YTD: -10.3%)
- DCE RBD Palm Oil down -4.7% (YTD: 1.8%)
- SHFE Zinc down -2.4% (YTD: 6.0%)
- Johnson Matthey Rhodium New York 0930 down -2.3% (YTD: 26.1%)
- Platinum down -2.3% (YTD: -3.2%)
- CME Lean Hogs down -2.1% (YTD: 54.6%)
- SHFE Copper down -1.8% (YTD: 17.2%)
- Coffee Arabica Colombia Excelso EP Spot down -1.6% (YTD: 17.7%)
- Coffee Robusta Vietnam Grade 1 Wet Pol Spot down -1.6% (YTD: 8.2%)
ENERGY
- WTI crude front month currently at US$ 71.64 per barrel, up 0.8% on the day (YTD: +47.7%); 6-month term structure in widening backwardation
- Brent crude front month currently at US$ 73.51 per barrel, up 0.6% on the day (YTD: +41.9%); 6-month term structure in widening backwardation
- Brent volatility at 29.1, down -0.8% on the day (12-month range: 24.7 - 58.6)
- Newcastle Coal (ICE Europe) currently at US$ 125.00 per tonne, down -0.8% on the day (YTD: +55.3%)
- Natural Gas (Henry Hub) currently at US$ 3.22 per MMBtu, down -1.2% on the day (YTD: +26.6%)
- Gasoline (NYMEX) currently at US$ 2.17 per gallon, up 1.6% on the day (YTD: +54.0%); 6-month term structure in tightening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 593.50 per tonne, up 0.3% on the day (YTD: +41.1%)
BASE METALS
- Copper (COMEX) currently at US$ 4.15 per pound, down -0.5% on the day (YTD: +18.5%)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,278.00 per tonne, up 0.9% on the day (YTD: +19.6%)
- Aluminium (Shanghai) currently at CNY 18,340 per tonne, down -1.4% on the day (YTD: +17.8%)
- Nickel (Shanghai) currently at CNY 127,300 per tonne, down -0.2% on the day (YTD: +3.4%)
- Lead (Shanghai) currently at CNY 15,375 per tonne, down -1.1% on the day (YTD: +3.0%)
- Rebar (Shanghai) currently at CNY 4,931 per tonne, up 1.5% on the day (YTD: +18.0%)
- Tin (Shanghai) currently at CNY 198,530 per tonne, down -1.0% on the day (YTD: +35.5%)
- Zinc (Shanghai) currently at CNY 21,510 per tonne, down -2.4% on the day (YTD: +6.0%)
- Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
- Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)
PRECIOUS METALS
- Gold spot currently at US$ 1,763.86 per troy ounce, down -0.5% on the day (YTD: -7.0%)
- Gold 1-Month ATM implied volatility currently at 13.65, up 2.9% on the day (YTD: -12.4%)
- Silver spot currently at US$ 25.79 per troy ounce, down -0.4% on the day (YTD: -2.2%)
- Silver 1-Month ATM implied volatility currently at 25.57, down -0.4% on the day (YTD: -37.5%)
- Palladium spot currently at US$ 2,465.42 per troy ounce, down -0.9% on the day (YTD: +0.8%)
- Platinum spot currently at US$ 1,035.03 per troy ounce, down -2.3% on the day (YTD: -3.2%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 21,500 per troy ounce, down -2.3% on the day (YTD: +26.1%)
- Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,100 per troy ounce, unchanged (YTD: +134.6%)
AGRO
- Live Cattle (CME) currently at US$ 121.05 cents per pound, up 0.8% on the day (YTD: +7.2%)
- Lean Hogs (CME) currently at US$ 108.68 cents per pound, down -2.1% on the day (YTD: +54.6%)
- Rough Rice (CBOT) currently at US$ 12.61 cents per hundredweight, up 3.1% on the day (YTD: +1.7%)
- Soybeans Composite (CBOT) currently at US$ 1,396.00 cents per bushel, up 5.0% on the day (YTD: +6.1%)
- Corn (CBOT) currently at US$ 655.25 cents per bushel, up 3.5% on the day (YTD: +35.4%)
- Wheat Composite (CBOT) currently at US$ 662.75 cents per bushel, up 3.7% on the day (YTD: +3.5%)
- Sugar No.11 (ICE US) currently at US$ 16.36 cents per pound, down -0.7% on the day (YTD: +6.1%)
- Cotton No.2 (ICE US) currently at US$ 84.35 cents per pound, up 0.3% on the day (YTD: +8.1%)
- Cocoa (ICE US) currently at US$ 2,311 per tonne, down -0.4% on the day (YTD: -11.6%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,724 per tonne, down -1.6% on the day (YTD: +17.7%)
- Random Length Lumber (CME) currently at US$ 897.90 per 1,000 board feet, down -0.8% on the day (YTD: +2.8%)
- TSR 20 Rubber (Shanghai) currently at CNY 10,310 per tonne, down -0.9% on the day (YTD: +2.8%)
- Soybean Oil Composite (CBOT) currently at US$ 58.12 cents per pound, up 2.7% on the day (YTD: +34.1%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 3,590 per tonne, up 1.2% on the day (YTD: -7.7%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 3,218, down -1.5% on the day (YTD: +135.6%)
- Freightos China To North America West Coast Container Index currently at 6,614, unchanged (YTD: +57.5%)
- Freightos North America West Coast To China Container Index currently at 1,028, unchanged (YTD: +98.6%)
- Freightos North America East Coast To Europe Container Index currently at 685, unchanged (YTD: +88.8%)
- Freightos Europe To North America East Coast Container Index currently at 5,193, unchanged (YTD: +177.8%)
- Freightos China To North Europe Container Index currently at 10,981, unchanged (YTD: +93.9%)
- Freightos North Europe To China Container Index currently at 1,625, unchanged (YTD: +18.2%)
- Freightos Europe To South America West Coast Container Index currently at 4,798, up 0.2% on the day (YTD: +183.6%)
CARBON EMISSION ALLOWANCES (CO2)
- EUA futures front month (European Energy Exchange) currently at EUR 51.90 per tonne, up 1.9% on the day (YTD: +58.6%)