Big Drops Across The Commodities Complex, With Agriculture And Energy The Primary Losers

Iron ore and thermal coal kept rising in China on Tuesday, with the former now up 40% year-to-date and the latter up 31%

Published Jul 7, 2021 1:41 AM ET

The S&P GSCI Equal Weight Index Is Sitting on Its 3-Month Moving Average | Sources: ϕpost, Refinitiv data

Zhengzhou Exchange Thermal Coal up 5.4% (YTD: 30.8%)
CME Random Length Lumber up 4.8% (YTD: -9.2%)
SMM Rare Earth Neodymium Oxide Spot Price Daily up 4.1% (YTD: -1.0%)
SMM Rare Earth Praseodymium Neodymium Alloy Spot Price Daily up 3.9% (YTD: 23.9%)
SHFE Bitumen Continuation Month 1 up 2.7% (YTD: 45.7%)
SHFE Stannum up 2.7% (YTD: 45.8%)
Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) up 2.4% (YTD: 39.6%)
SMM Rare Earth Gadolinium Oxide Spot Price Daily up 2.4% (YTD: 19.4%)
SGX Iron Ore 62% China CFR Swap Monthly up 2.4% (YTD: 39.3%)
SHFE Copper up 2.3% (YTD: 20.2%)
CME Cattle(Feeder) up 2.3% (YTD: 15.6%)

EEX European-Carbon- Secondary Trading down -6.7% (YTD: 68.2%)
European Union Allowance (EUA) Yearly down -6.7% (YTD: 65.1%)
CBoT Soybean Meal down -6.6% (YTD: -18.3%)
CBoT Soybeans down -6.1% (YTD: 3.7%)
CBoT Corn down -5.9% (YTD: 35.5%)
CBoT Soybean Oil down -4.5% (YTD: 47.3%)
CBoT Wheat down -4.0% (YTD: -3.2%)
ICE Europe Brent Crude down -3.4% (YTD: 43.9%)
NYMEX NY Harbor ULSD down -3.4% (YTD: 42.6%)
DCE Coking Coal Continuation Month 1 down -3.3% (YTD: 46.7%)
SMM Rare Earth Cerium Oxide Spot Price Daily down -3.2% (YTD: -8.5%)
NYMEX RBOB Gasoline down -3.1% (YTD: 58.2%)
ICE-US Coffee down -3.0% (YTD: 15.3%)

WTI crude front month currently at US$ 73.62 per barrel, down -2.4% on the day (YTD: +51.2%); 6-month term structure in widening backwardation
Brent crude front month currently at US$ 74.53 per barrel, down -3.4% on the day (YTD: +43.9%); 6-month term structure in tightening backwardation
Brent volatility at 31.1, up 7.4% on the day (12-month range: 24.7 - 57.6)
Newcastle Coal (ICE Europe) currently at US$ 140.75 per tonne, down -1.8% on the day (YTD: +74.8%)
Natural Gas (Henry Hub) currently at US$ 3.67 per MMBtu, down -1.7% on the day (YTD: +43.2%)
Gasoline (NYMEX) currently at US$ 2.24 per gallon, down -3.1% on the day (YTD: +58.2%); 6-month term structure in widening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 598.75 per tonne, down -2.7% on the day (YTD: +42.3%)

Copper (COMEX) currently at US$ 4.26 per pound, down -0.6% on the day (YTD: +21.2%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,346.00 per tonne, down 0.0% on the day (YTD: +24.7%)
Aluminium (Shanghai) currently at CNY 18,825 per tonne, up 2.2% on the day (YTD: +22.1%)
Nickel (Shanghai) currently at CNY 134,500 per tonne, up 1.9% on the day (YTD: +11.1%)
Lead (Shanghai) currently at CNY 15,665 per tonne, up 0.5% on the day (YTD: +7.0%)
Rebar (Shanghai) currently at CNY 4,902 per tonne, up 2.0% on the day (YTD: +18.6%)
Tin (Shanghai) currently at CNY 217,570 per tonne, up 2.7% on the day (YTD: +45.8%)
Zinc (Shanghai) currently at CNY 22,000 per tonne, up 0.9% on the day (YTD: +6.5%)
Refined Cobalt (Shanghai) spot price currently at CNY 364,500 per tonne, up 0.8% on the day (YTD: +33.0%)
Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,795.01 per troy ounce, up 0.3% on the day (YTD: -5.3%)
Gold 1-Month ATM implied volatility currently at 13.06, up 0.8% on the day (YTD: -17.2%)
Silver spot currently at US$ 26.09 per troy ounce, down -1.0% on the day (YTD: -0.9%)
Silver 1-Month ATM implied volatility currently at 23.18, down -0.4% on the day (YTD: -43.5%)
Palladium spot currently at US$ 2,767.72 per troy ounce, down -0.8% on the day (YTD: +14.1%)
Platinum spot currently at US$ 1,087.46 per troy ounce, down -0.6% on the day (YTD: +2.1%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 18,900 per troy ounce, unchanged (YTD: +10.9%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,650 per troy ounce, unchanged (YTD: +117.3%)

Live Cattle (CME) currently at US$ 122.40 cents per pound, up 0.3% on the day (YTD: +8.4%)
Lean Hogs (CME) currently at US$ 109.93 cents per pound, up 1.2% on the day (YTD: +56.4%)
Rough Rice (CBOT) currently at US$ 12.52 cents per hundredweight, down -2.5% on the day (YTD: +1.0%)
Soybeans Composite (CBOT) currently at US$ 1,363.75 cents per bushel, down -6.1% on the day (YTD: +3.7%)
Corn (CBOT) currently at US$ 656.00 cents per bushel, down -5.9% on the day (YTD: +35.5%)
Wheat Composite (CBOT) currently at US$ 620.00 cents per bushel, down -4.0% on the day (YTD: -3.2%)
Sugar No.11 (ICE US) currently at US$ 17.87 cents per pound, down -1.5% on the day (YTD: +15.4%)
Cotton No.2 (ICE US) currently at US$ 86.38 cents per pound, up 0.4% on the day (YTD: +10.6%)
Cocoa (ICE US) currently at US$ 2,269 per tonne, down -0.9% on the day (YTD: -12.8%)
Coffee Arabica (Colombia Excelso) currently at EUR 3,802 per tonne, down -0.7% on the day (YTD: +20.1%)
Random Length Lumber (CME) currently at US$ 792.90 per 1,000 board feet, up 4.8% on the day (YTD: -9.2%)
TSR 20 Rubber (Shanghai) currently at CNY 10,400 per tonne, up 1.5% on the day (YTD: +5.0%)
Soybean Oil Composite (CBOT) currently at US$ 63.83 cents per pound, down -4.5% on the day (YTD: +47.3%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 3,947 per tonne, down -0.6% on the day (YTD: +1.4%)

Baltic Dry Index (Baltic Exchange) currently at 3,224, down -1.9% on the day (YTD: +136.0%)
Freightos China To North America West Coast Container Index currently at 6,407, unchanged (YTD: +52.6%)
Freightos North America West Coast To China Container Index currently at 965, unchanged (YTD: +86.4%)
Freightos North America East Coast To Europe Container Index currently at 604, unchanged (YTD: +66.4%)
Freightos Europe To North America East Coast Container Index currently at 5,989, unchanged (YTD: +220.4%)
Freightos China To North Europe Container Index currently at 11,913, unchanged (YTD: +110.4%)
Freightos North Europe To China Container Index currently at 1,596, unchanged (YTD: +16.1%)
Freightos Europe To South America West Coast Container Index currently at 4,810, unchanged (YTD: +184.3%)

EUA futures front month (European Energy Exchange) currently at EUR 54.02 per tonne, down -6.7% on the day (YTD: +65.1%)

EU CO2 Permits Front Month EUA Future | Sources: phipost, Refinitiv data