Commodity Scorecard – May 9th Edition

Markets were tested this week as the Nasdaq suffered several punishing trading sessions. Meanwhile, commodities continued to hold their lead over equities, mostly thanks to coffee futures, which have surged this year. Gold continues to battle with the $1,300/oz. mark and lost its grip on Wednesday. Below, we outline the performance of the commodity industry this past week, helping our readers pick out the leaders and laggards in each sector [for more commodity news and analysis subscribe to our free newsletter]:

Commodities This Week

Below, we break down the commodity world by sector and outline their performances using ETFs that track each asset:

Energy

WTI was the only commodity in the energy category that managed to notch a positive 5-day return, as coal and natural gas took big hits this week:

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Precious Metals

2014 has not been kind to precious metals and this week was no different, as all four suffered pullbacks:

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Ags

Corn separated from the pack this week, jumping more than 3% while its peers all saw negative stretches:

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Industrial Metals

Nickel has been quietly surging forward, jumping nearly 10% in the last week alone:

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Major Assets YTD

While equities continue to jockey for position, commodities have taken the lead, something they have not been able to say for the past few years:

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WTI vs. Brent

The Brent/WTI spread held steady this week, though WTI got hit a bit harder in more recent sessions, widening that gap:

WTI v Brent

Natural Gas Inventories

Though inventories are still well below their averages, an unexpected jump in storage levels sent natural gas into the gutters during Thursday’s trading session:
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Disclosure: No positions at time of writing.

This entry was posted in Agriculture, Commodity ETFs, Commodity Futures, Scorecard. Bookmark the permalink.

Commodity HQ is not an investment advisor, and any content published by Commodity HQ does not constitute individual investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities or investment assets. Read the full disclaimer here.

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