Commodities Week in Review: October 5 to October 9
Agriculture
Most of the agricultural commodities enjoyed a stellar week, driven mainly because of a weaker US dollar. The fundamentals were also sound for a lot of agriculture, with foreign demand strengthening for many of the major crops, including soybeans and corn. Since the greenback is headed back on a downward trend, could prices finish the year with a tremendous rally?
Cocoa
- Friday Settlement: +$10.00, or 0.41%, to $2,442.00 per metric ton
- Weekly Performance: -2.2%
- YTD Performance: -3.78%
Coffee
- Friday Settlement: -$0.004, or 0.36%, to $1.1115 per pound
- Weekly Performance: +4.37%
- YTD Performance: -13.94%
Corn
- Friday Settlement: +$0.075, or 1.94%, to $3.945 per pound
- Weekly Performance: +3.20%
- YTD Performance: +1.87%
Orange Juice
- Friday Settlement: +$0.002, or 0.17%, to $1.154 per pound
- Weekly Performance: +1.32%
- YTD Performance: +15.75%
Rice
- Friday Settlement: -$0.205, or 1.62%, to $12.45 per pound
- Weekly Performance: -0.56%
- YTD Performance: +3.62%
Soybeans
- Friday Settlement: +$0.155, or 1.48%, to $10.655 per bushel
- Weekly Performance: +4.03%
- YTD Performance: +11.45%
Sugar
- Friday Settlement: +0.05 cents, or 0.35%, to 14.22 cents per pound
- Weekly Performance: +4.64%
- YTD Performance: +5.80%
Wheat
- Friday Settlement: -$0.03, or 0.5%, to $5.9295 per bushel
- Weekly Performance: +3.95%
- YTD Performance: +5.85%
Bitcoin
The
- Friday Settlement: +$140.00, or 1.28%, to $11,095.00 per coin
- Weekly Performance: +4.28%
- YTD Performance: +53.67%
Energy
Domestic inventories,
West Texas Intermediate (WTI) Crude Oil
- Friday Settlement: -$0.67, or 1.63%, to $40.52 per barrel
- Weekly Performance: +5.03%
- YTD Performance: -33.80%
Brent Crude Oil
- Friday Settlement: -$0.03, or 0.07%, to $42.82 per barrel
- Weekly Performance: +5.18%
- YTD Performance: -35.15%
Natural Gas
- Friday Settlement: +$0.136, or 5.18%, to $2.763 per million British thermal units (btu)
- Weekly Performance: +11.32%
- YTD Performance: +26.57%
Gasoline
- Friday Settlement: -$0.026, or 2.11%, to $1.2056 per gallon
- Weekly Performance: +4.95%
- YTD Performance: -28.97%
Heating Oil
- Friday Settlement: -$0.0006, or 0.05%, to $1.1917 per gallon
- Weekly Performance: +6.39%
- YTD Performance: -41.18%
Metals
The metals market had an impressive Friday trading session, which helped gold and silver prices record a weekly gain. With stimulus optimism rising and the greenback slumping once again, the metal commodities witnessed a resurgence to close out the trading week. Can metal asset class maintain that momentum next week?
Gold
- Friday Settlement: +$41.20, or 2.17%, to $1,936.30 per ounce
- Weekly Performance: +1.29%
- YTD Performance: +27.39%
Silver
- Friday Settlement: +$1.424, or 5.96%, to $25.30 per ounce
- Weekly Performance: +5.77%
- YTD Performance: +41.34%
Copper
- Friday Settlement: +$0.042, or 1.38%, to $3.084 per pound
- Weekly Performance: +7.18%
- YTD Performance: +10.2%
Palladium
- Friday Settlement: +$55.70, or 2.32%, to $2,458.70 per ounce
- Weekly Performance: +5.37%
- YTD Performance: +28.57%
Platinum
- Friday Settlement: +$33.20, or 3.84%, to $897.20 per ounce
- Weekly Performance: -1.13%
- YTD Performance: -7.68%
Steel
- Friday Settlement: +$3.00, or 0.48%, to $633.00 per metric ton
- Weekly Performance: +1.28%
- YTD Performance: +7.47%
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