Commodities Week in Review: August 17 to August 21
Agriculture
Many US agricultural commodities extended their rallies this week, driven primarily by a weaker US dollar. Although the greenback finished the trading week slightly higher (0.11%), exporters are taking advantage of a falling currency. The fundamentals, from supplies to weather, were also key factors in crops this week.
- Friday Settlement: +$7.00, or 0.29%, to $2,416.00 per metric ton
- Weekly Performance: -1.43%
- YTD Performance: -4.81%
- Friday Settlement: +$0.0015, or 0.13%, to $1.1965 per pound
- Weekly Performance: +2.31%
- YTD Performance: -7.36%
- Friday Settlement: +$0.0175, or +0.52%, to $3.41 per pound
- Weekly Performance: +5.08%
- YTD Performance: -11.94%
- Friday Settlement: -$0.017, or 1.46%, to $1.151 per pound
- Weekly Performance: -3.84%
- YTD Performance: +15.45%
- Friday Settlement: +$0.025, or 0.2%, to $12.365 per pound
- Weekly Performance: +3.26%
- YTD Performance: +2.91%
- Friday Settlement: -$0.015, or 0.17%, to $9.0375 per bushel
- Weekly Performance: +0.64%
- YTD Performance: -5.47%
- Friday Settlement: -0.20 cents, or 1.54%, to 12.81 cents per pound
- Weekly Performance: -2.29%
- YTD Performance: -4.69%
- Friday Settlement: +$0.06, or 1.14%, to $5.345 per bushel
- Weekly Performance: +6.85%
- YTD Performance: -4.47%
Bitcoin
Are bitcoin prices in store for a slump? The
- Friday Settlement: -$290.00, or 2.44%, to $11,605.00 per coin
- Weekly Performance: -2.23%
- YTD Performance: +60.73%
Energy
It was a mixed week for the energy sector as fundamentals and economic uncertainty weighed on crude oil. Once again, natural gas recorded a huge weekly gain, most of which was enjoyed during one or two trading sessions. This has been the trend so far this month for the
West Texas Intermediate (WTI) Crude Oil
- Friday Settlement: -$0.57, or 1.33%, to $42.25 per barrel
- Weekly Performance: +0.05%
- YTD Performance: -30.98%
Brent Crude Oil
- Friday Settlement: -$0.09, or 0.2%, to $44.26 per barrel
- Weekly Performance: -1.54%
- YTD Performance: -32.97%
Natural Gas
- Friday Settlement: +$0.089, or 3.78%, to $2.441 per million British thermal units (btu)
- Weekly Performance: +4.09%
- YTD Performance: +11.82%
Gasoline
- Friday Settlement: -$0.0215, or 1.66%, to $1.275 per gallon
- Weekly Performance: +2.08%
- YTD Performance: -24.88%
Heating Oil
- Friday Settlement: -$0.0379, or 3.00%, to $1.2266 per gallon
- Weekly Performance: -1.18%
- YTD Performance: -39.46%
Metals
For the second straight week, it was a roller coaster ride for the metals market, with gold and silver prices seesawing. Gold suffered its first
Gold
- Friday Settlement: +$0.90, or 0.05%, to $1,947.40 per ounce
- Weekly Performance: -0.32%
- YTD Performance: +28.12%
Silver
- Friday Settlement: -$0.262, or 0.97%, to $26.885 per ounce
- Weekly Performance: +1.28%
- YTD Performance: +50.20%
Copper
- Friday Settlement: -$0.048, or 1.61%, to $2.9265 per pound
- Weekly Performance: +2.2%
- YTD Performance: +4.57%
- Friday Settlement: -$8.10, or 0.37%, to $2,178.80 per ounce
- Weekly Performance: +1.81%
- YTD Performance: +13.93%
- Friday Settlement: -$0.50, or 0.05%, to $926.40 per ounce
- Weekly Performance: -3.49%
- YTD Performance: -4.67%
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