Commodities Week in Review: October 19 to October 23
Agriculture
The leading agricultural commodity assets – corn, wheat, and soybean – enjoyed another strong week as fundamentals and a weaker US dollar contributed to their weekly gains. The latest forecasts suggest that food inflation will continue to creep higher, possibly with supply unable to keep up with the demand, especially now that millions of people have returned indoors to wait out the coronavirus resurgence and the cold and flu season.
Cocoa
- Friday Settlement: +$2.00, or 0.08%, to $2,481 per metric ton
- Weekly Performance: +5.17%
- YTD Performance: -2.25%
Coffee
- Friday Settlement: -$0.0025, or 0.24%, to 1.0535 per pound
- Weekly Performance: -1.45%
- YTD Performance: -18.43%
Corn
- Friday Settlement: +$0.0375, or 0.9%, to $4.20 per pound
- Weekly Performance: +4.35%
- YTD Performance: +8.46%
Cotton
- Friday Settlement: -0.64 cents, or 0.89%, to 71.30 cents per pound
- Weekly Performance: +1.86%
- YTD Performance: +3.41%
Orange Juice
- Friday Settlement: +$0.0035, or 0.3%, to $1.1535 per pound
- Weekly Performance: +0.44%
- YTD Performance: +15.7%
Rice
- Friday Settlement: +$0.125, or 1.02%, to $12.345 per pound
- Weekly Performance: -0.12%
- YTD Performance: +2.75%
Soybeans
- Friday Settlement: +$0.1325, or 1.23%, to $10.87 per bushel
- Weekly Performance: +3.45%
- YTD Performance: +13.7%
Sugar
- Friday Settlement: -0.05 cents, or 0.34%, to 14.73 cents per pound
- Weekly Performance: +1.94%
- YTD Performance: +9.60%
Wheat
- Friday Settlement: +$0.1175, or 1.89%, to $6.345 per bushel
- Weekly Performance: +1.28%
- YTD Performance: +13.40%
Bitcoin
The
- Friday Settlement: -$155.00, or 1.18%, to $13,000.00 per coin
- Weekly Performance: +14.34%
- YTD Performance: +80.06%
Energy
Another week, another
West Texas Intermediate (WTI) Crude Oil
- Friday Settlement: -$0.86%, to 2.12%, to $39.78 per barrel
- Weekly Performance: -3.05%
- YTD Performance: -35.01%
Brent Crude Oil
- Friday Settlement: -$0.18, or 0.43%, to $41.59 a barrel
- Weekly Performance: -2.94%
- YTD Performance: -37.01%
Natural Gas
- Friday Settlement: -$0.067, or 2.23%, to $2.94 per million British thermal units (btu)
- Weekly Performance: +9.42%
- YTD Performance: +34.68%
Gasoline
- Friday Settlement: -$0.0316, or 2.73%, to $1.1265 per gallon
- Weekly Performance: -3.30%
- YTD Performance: -33.63%
Heating Oil
- Friday Settlement: -$0.0127, or 1.09%, to $1.156 per gallon
- Weekly Performance: -1.75%
- YTD Performance: -42.94%
Metals
The metals market successfully recorded a weekly boost, but it was still a chaotic week for the asset class. In the
Gold
- Friday Settlement: -$1.20, or 0.06%, to $1,903.40 per ounce
- Weekly Performance: +0.03%
- YTD Performance: +25.22%
Silver
- Friday Settlement: -$0.009, or 0.04%, to $24.70 per ounce
- Weekly Performance: +1.73%
- YTD Performance: +37.99%
Copper
- Friday Settlement: -$0.015, or 0.33%, to $3.143 per pound
- Weekly Performance: +2.61%
- YTD Performance: +12.31%
Palladium
- Friday Settlement: +$11.90, or 0.5%, to $2,407.80 per ounce
- Weekly Performance: +2.98%
- YTD Performance: +25.9%
Platinum
- Friday Settlement: +$24.60, or 2.78%, to $908.60 per ounce
- Weekly Performance: +5.03%
- YTD Performance: -6.50%
Steel
- Friday Settlement: +4.00, or 0.59%, to $679.00 per ton
- Weekly Performance: +6.26%
- YTD Performance: +15.28%
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