Ags Capped A Positive Week With Further Gains Today In Wheat, Sugar, Cotton

Chinese-traded metals and industrial commodities rose sharply to close out the week, led by rebar, rubber, and copper

Published Jul 16, 2021 5:59 PM ET

S&P GSCI Sub-Indices This Week | Sources: ϕpost, FactSet data

CME Random Length Lumber up 9.3% (YTD: -38.6%)
SMM Rare Earth Gadolinium Oxide Spot Price Daily up 9.1% (YTD: 41.9%)
SHFE Rebar up 8.0% (YTD: 29.2%)
Bursa Malaysia Crude Palm Oil up 3.6% (YTD: 10.5%)
SHFE Rubber up 3.1% (YTD: -1.5%)
CBoT Wheat up 3.1% (YTD: 8.1%)
ICE-US Coffee up 2.7% (YTD: 25.7%)
SMM Rare Earth Praseodymium Neodymium Alloy Spot Price Daily up 2.5% (YTD: 39.1%)
SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily up 2.5% (YTD: 30.5%)
Shanghai International Exchange Bonded Copper up 2.4% (YTD: 19.3%)
SMM Rare Earth Dysprosium Oxide Spot Price Daily up 2.4% (YTD: 30.2%)
ICE-US Sugar No. 11 up 2.2% (YTD: 14.3%)

ICE Brent Crude Spread Spread down -6.5% (YTD: 568.9%)
CME Lean Hogs down -5.8% (YTD: 50.3%)
Palladium spot down -3.7% (YTD: 7.4%)
SHFE Bitumen Continuation Month 1 down -3.7% (YTD: 33.3%)
Platinum spot down -3.3% (YTD: 3.1%)
Pork Primal Cutout Butt down -2.7% (YTD: 66.7%)
Freightos Baltic China/East Asia To Mediterranean 40 Container Index down -2.7% (YTD: 108.4%)
Silver spot down -2.5% (YTD: -2.7%)
Johnson Matthey Rhodium New York 0930 down -1.5% (YTD: 13.8%)
CBoT Corn down -1.5% (YTD: 14.9%)
Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea down -1.3% (YTD: 48.4%)

ENERGY

METALS

AGRICULTURE

WTI crude front month currently at US$ 71.81 per barrel, up 0.2% (YTD: +48.0%); 6-month term structure in tightening backwardation
Brent crude front month currently at US$ 73.59 per barrel, up 0.2% (YTD: +42.1%); 6-month term structure in tightening backwardation
Brent volatility at 30.8, down -1.1% (12-month range: 24.7 - 57.6)
Newcastle Coal (ICE Europe) currently at US$ 148.10 per tonne, up 1.4% (YTD: +84.0%)
Natural Gas (Henry Hub) currently at US$ 3.67 per MMBtu, up 1.7% (YTD: +44.7%)
Gasoline (NYMEX) currently at US$ 2.25 per gallon, up 0.1% (YTD: +60.0%); 6-month term structure in widening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 597.00 per tonne, down -0.7% (YTD: +41.9%)

Copper (COMEX) unchanged at US$ 4.32 per pound (YTD: +23.3%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,307.50 per tonne, up 0.2% (YTD: +21.2%)
Aluminum (Shanghai) currently at CNY 19,410 per tonne, up 0.9% (YTD: +24.3%)
Nickel (Shanghai) currently at CNY 142,930 per tonne, up 1.8% (YTD: +13.8%)
Lead (Shanghai) currently at CNY 15,840 per tonne, up 1.0% (YTD: +8.3%)
Rebar (Shanghai) currently at CNY 5,593 per tonne, up 8.0% (YTD: +29.2%)
Tin (Shanghai) currently at CNY 233,620 per tonne, up 1.4% (YTD: +49.9%)
Zinc (Shanghai) currently at CNY 22,575 per tonne, up 2.0% (YTD: +6.9%)
Refined Cobalt (Shanghai) spot price currently at CNY 379,500 per tonne, up 1.1% (YTD: +38.5%)
Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,811.68 per troy ounce, down -1.0% (YTD: -4.5%)
Gold 1-Month ATM implied volatility currently at 12.64, down -1.1% (YTD: -18.9%)
Silver spot currently at US$ 25.65 per troy ounce, down -2.5% (YTD: -2.7%)
Silver 1-Month ATM implied volatility currently at 21.90, up 0.1% (YTD: -46.1%)
Palladium spot currently at US$ 2,626.70 per troy ounce, down -3.7% (YTD: +7.4%)
Platinum spot currently at US$ 1,101.50 per troy ounce, down -3.3% (YTD: +3.1%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 19,400 per troy ounce, down -1.5% (YTD: +13.8%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,600 per troy ounce, unchanged (YTD: +115.4%)

Live Cattle (CME) currently at US$ 120.18 cents per pound, down 0.8% (YTD: +6.4%)
Lean Hogs (CME) currently at US$ 105.65 cents per pound, down -5.8% (YTD: +50.3%)
Rough Rice (CBOT) currently at US$ 13.23 cents per hundredweight, up 0.1% (YTD: +6.7%)
Soybeans Composite (CBOT) currently at US$ 1,454.75 cents per bushel, up 0.5% (YTD: +10.6%)
Corn (CBOT) currently at US$ 556.00 cents per bushel, down -1.5% (YTD: +14.9%)
Wheat Composite (CBOT) currently at US$ 692.50 cents per bushel, up 3.1% (YTD: +8.1%)
Sugar No.11 (ICE US) currently at US$ 17.66 cents per pound, up 2.2% (YTD: +14.3%)
Cotton No.2 (ICE US) currently at US$ 90.67 cents per pound, up 1.0% (YTD: +16.1%)
Cocoa (ICE US) currently at US$ 2,310 per tonne, down -0.9% (YTD: -10.9%)
Coffee Arabica (Colombia Excelso) currently at EUR 3,900 per tonne, up 0.1% (YTD: +23.2%)
Random Length Lumber (CME) currently at US$ 536.40 per 1,000 board feet, up 9.3% (YTD: -38.6%)
TSR 20 Rubber (Shanghai) currently at CNY 10,740 per tonne, up 1.8% (YTD: +7.0%)
Soybean Oil Composite (CBOT) currently at US$ 68.31 cents per pound, up 1.5% (YTD: +57.7%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 4,293 per tonne, up 3.6% (YTD: +10.5%)

Baltic Dry Index (Baltic Exchange) currently at 3,073, down -2.1% (YTD: +125.0%)
Freightos China To North America West Coast Container Index currently at 6,023, up 0.9% (YTD: +43.4%)
Freightos North America West Coast To China Container Index currently at 1,076, unchanged (YTD: +107.7%)
Freightos North America East Coast To Europe Container Index currently at 697, unchanged (YTD: +91.9%)
Freightos Europe To North America East Coast Container Index currently at 6,024, unchanged (YTD: +222.3%)
Freightos China To North Europe Container Index currently at 13,055, up 0.1% (YTD: +130.6%)
Freightos North Europe To China Container Index currently at 1,608, unchanged (YTD: +16.9%)
Freightos Europe To South America West Coast Container Index currently at 4,463, unchanged (YTD: +163.8%)

EUA futures front month (European Energy Exchange) currently at EUR 52.89 per tonne, down -0.2% (YTD: +61.6%)

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