Commodities Week in Review: December 21 to December 24
Agriculture
US agriculture had another strong weekly performance, despite a rising US dollar. The agricultural commodities market was looking to build on its overall momentum this year in the home stretch of 2020, buoyed by strengthening foreign demand and declining output and supplies at home and abroad. Investors are betting on a repeat performance in 2021 as global supply chains get disrupted, the greenback weakens, and demand increases.
Cocoa
- Thursday Settlement: $6.00, or 0.23%, to $2,599 per metric ton
- Weekly Performance: +1.60%
- YTD Performance: +2.40%
Coffee
- Thursday Settlement: $0.002, or 0.16%, to $1.2615 per pound
- Weekly Performance: -0.36%
- YTD Performance: -2.32%
Corn
- Thursday Settlement: +$0.0325, or 0.73%, to $4.505 per pound
- Weekly Performance: +3.09%
- YTD Performance: +16.33%
Cotton
- Thursday Settlement: +0.22 cent, or 0.29%, to 76.36 cents per pound
- Weekly Performance: -1.00%
- YTD Performance: +10.75%
Orange Juice
- Thursday Settlement: +$0.0105, or 0.89%, to $1.19 per pound
- Weekly Performance: +3.61%
- YTD Performance: +19.36%
Rice
- Thursday Settlement: -$0.013, or 1.05%, to $12.26 per pound
- Weekly Performance: -2.62%
- YTD Performance: +2.04%
Soybeans
- Thursday Settlement: +$0.0475, or 0.38%, to $12.6475 per bushel
- Weekly Performance: +3.90%
- YTD Performance: +32.3%
Sugar
- Thursday Settlement: +0.09 cent, or 0.61%, to 14.92 cents per pound
- Weekly Performance: +1.63%
- YTD Performance: +11.01%
Wheat
- Thursday Settlement: -$0.02, or 0.32%, to $6.2775 per bushell
- Weekly Performance: +3.25%
- YTD Performance: +12.2%
Bitcoin
It was a relatively quiet week for the
- Thursday Settlement: -$315.00, or 1.34%, to $23,195 per coin
- Weekly Performance: +1.07%
- YTD Performance: +221.26%
Energy
Energy prices took a hit regarding concerns over two new coronavirus strains intensifying in the United Kingdom, as well as a couple of other mutations in Brazil. The latest developments in the global health pandemic weighed on crude oil on fears that exacerbating the public health crisis would impact international demand and threaten any gains that the industry has made since the height of COVID-19 earlier this year.
West Texas Intermediate (WTI) Crude Oil
- Thursday Settlement: +$0.18, or 0.37%, to $48.30 per barrel
- Weekly Performance: -1.93%
- YTD Performance: -21.09%
Brent Crude Oil
- Thursday Settlement: $+0.03, or 0.06%, to $51.37 per barrel
- Weekly Performance: -1.91%
- YTD Performance: -22.20%
Natural Gas
- Thursday Settlement: -$0.066, or 2.53%, to $2.542 per million British thermal units (btu)
- Weekly Performance: -6.1%
- YTD Performance: +16.45%
Gasoline
- Thursday Settlement: -$0.0037, or 0.27%, to $1.3725 per gallon
- Weekly Performance: -1.71%
- YTD Performance: -19.14%
Heating Oil
- Thursday Settlement: -$0.0058, or 0.39%, to $1.4921 per gallon
- Weekly Performance: -1.28%
- YTD Performance: -26.35%
Metals
Precious metals endured an
Gold
- Thursday Settlement: +$4.50, or 0.24%, to $1,882.60 per ounce
- Weekly Performance: -0.22%
- YTD Performance: +23.86%
Silver
- Thursday Settlement: +$0.024, or 0.09%, to $25.945 per ounce
- Weekly Performance: -0.21%
- YTD Performance: +44.94%
Copper
- Thursday Settlement: +$0.0155, or 0.44%, to $3.5715 per pound
- Weekly Performance: -1.95%
- YTD Performance: +27.62%
Palladium
- Thursday Settlement: +$6.40, or 0.27%, to $2,345.50 per ounce
- Weekly Performance: -0.78%
- YTD Performance: +22.65%
Platinum
- Thursday Settlement: +$10.10, or 0.99%, to $1,027.20 per ounce
- Weekly Performance: -1.61%
- YTD Performance: +5.7%
Steel
- Thursday Settlement: -$4.00, or 0.41%, to $967.00 per ton
- Weekly Performance: +10.51%
- YTD Performance: +64.18%
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