Commodities Week in Review: February 15 to February 19
Commodities Week in Review: February 15 to February 19
Agriculture
In a recent research note, JPMorgan Chase warned that the commodities market is in a “supercycle,” an extended period of rampant gains. The financial analysts stated that agriculture, energy, and metals are in the middle of a massive bull run that could last for a couple of years amid strong demand worldwide at the same time. This has been apparent in the agriculture sector, with prices for many crops at
Cocoa
- Friday Settlement: +$3.00, or 0.12%, to $2,446 per metric ton
- Weekly Performance: 0%
- YTD Performance: -5.81%
Coffee
- Friday Settlement: +$0.002, or 0.15%, to $1.2935 per pound
- Weekly Performance: +5.59%
- YTD Performance: +1.61%
Corn
- Friday Settlement: -$0.0725, or 1.32%, to $5.43 per pound
- Weekly Performance: +0.65%
- YTD Performance: +11.79%
Cotton
- Friday Settlement: +0.39 cents, or 0.43%, to 90.69 cents per pound
- Weekly Performance: +2.36%
- YTD Performance: +15.96%
Lean Hogs
- Friday Settlement: +0.775 cents, or 0.92%, to 85.275 cents per pound
- Weekly Performance: +15.28%
- YTD Performance: +21.22%
Orange Juice
- Friday Settlement: +$0.003, or 0.27%, to $1.0985 per pound
- Weekly Performance: -1.66%
- YTD Performance: -12.71%
Rice
- Friday Settlement: $0.01, or 0.08%, to $12.78 per pound
- Weekly Performance: +0.08%
- YTD Performance: +7.26%
Soybeans
- Friday Settlement: +$0.0325, or 0.24%, to $13.7825 per bushel
- Weekly Performance: +0.53%
- YTD Performance: +5.19%
Sugar
- Friday Settlement: +0.32 cent, or 1.93%, to 16.91 cents per pound
- Weekly Performance: +8.4%
- YTD Performance: +9.1%
Wheat
- Friday Settlement: -$0.0725, or 1.09%, to $6.58 per bushel
- Weekly Performance: +3.22%
- YTD Performance: +2.53%
Bitcoin
The
- Friday Settlement: +$3,560.00, or 6.8%, to $55,900 per coin
- Weekly Performance: +15.27%
- YTD Performance: +91.31%
Energy
It was an
West Texas Intermediate (WTI) Crude Oil
- Friday Settlement: -$1.49, or 2.46%, to $59.04 per barrel
- Weekly Performance: -1.16%
- YTD Performance: +21.93%
Brent Crude Oil
- Friday Settlement: -$0.07, or 0.11%
- Weekly Performance: +0.21%
- YTD Performance: +21.50%
Natural Gas
- Friday Settlement: 0% to $3.082 per million British thermal units (btu)
- Weekly Performance: +6.39%
- YTD Performance: +21.53%
Gasoline
- Friday Settlement: +$0.0746, or 4.16%, to $1.8689 per gallon
- Weekly Performance: +10.29%
- YTD Performance: +32.44%
Heating Oil
- Friday Settlement: -$0.0218, or 1.2%, to $1.8010 per gallon
- Weekly Performance: +1.53%
- YTD Performance: +21.3%
Metals
Can the metals market maintain consistent momentum? Ever since coronavirus vaccines were announced last fall, it has been a rocky performance for the precious metals, with industrial metals doing most of the heavy lifting in the sector. The primary factor that might be keeping gold prices elevated is inflation fears, especially after Treasury Secretary Janet Yellen pushed for even more fiscal stimulus to combat the
Gold
- Friday Settlement: +$8.10, or 0.46%, to $1,783.10 per ounce
- Weekly Performance: -2.29%
- YTD Performance: -6.23%
Silver
- Friday Settlement: +$0.292, or 1.08%, to $27.37 per ounce
- Weekly Performance: -0.29%
- YTD Performance: +3.19%
Copper
- Friday Settlement: +$0.1655, or 4.24%, to $4.0665 per pound
- Weekly Performance: +7.03%
- YTD Performance: +15.53%
Palladium
- Friday Settlement: +$30.70, or 1.31%, to $2,379.50 per ounce
- Weekly Performance: -0.34%
- YTD Performance: -3.10%
Platinum
- Friday Settlement: +$7.50, or 0.59%, to $1,282.20 per ounce
- Weekly Performance: +1.40%
- YTD Performance: +18.78%
Steel
- Friday Settlement: -$22.00, or 1.73%, to $1,248.00 per ton
- Weekly Performance: +3.23%
- YTD Performance: +29.60%
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Published under: Bitcoin, Cocoa, Coffee, Copper, Corn, Cotton, Gold, Hogs, Natural Gas, Nickel, Oil, Orange Juice, Palladium, Platinum, Rice, Silver, Soybean, Steel, Sugar, Wheat
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