The broad commodities were tepid in November. The S&P GSCI was flat for the month and up 9.9% YTD. The Dow Jones Commodity Index (DJCI) was down 2.1% in November and up 4.5% YTD. Gains were driven by the energy complex, while both precious metals and industrial metals detracted from headline performance. The S&P GSCI Read more […]
S&P Dow Jones Indices, the world’s leading index provider, launched the S&P GSCI Gold Dynamic Roll 70/30 Futures/Equity Blend in November 2019. It is the first single-commodity-focused futures/equities blended index of its kind in the gold market. In the current environment where investors are looking to diversify, this product is designed to provide a reliable Read more […]
The broad commodities market rose modestly in October. The S&P GSCI was up 1.2% for the month and up 10.0% YTD. The Dow Jones Commodity Index (DJCI) was up 1.9% in October and up 6.7% YTD. Gains were spread surprisingly evenly across the individual commodity markets As has been the case all year, the star Read more […]
On Oct. 21, 2019, S&P Dow Jones Indices (S&P DJI) launched the S&P GSCI Skim Milk Powder, an expansion of the single-commodity series offering of indices based on the S&P GSCI and the first index of its kind in the market. The S&P GSCI Skim Milk Powder is designed to provide investors with a reliable Read more […]
In India, the festival of lights known as Diwali brings with it a seasonal uptick in gold imports. A feature of this renowned festival involves the exchange of gifts among friends, families, and colleagues. The most popular gift to give during the festival is gold. The propitious sentiment toward the precious metal makes it a Read more […]
Despite the largest one-day spike in oil prices since at least 1989, the broad commodities market only managed to climb modestly in September. The S&P GSCI was up 1.7% for the month and 8.6% YTD. The Dow Jones Commodity Index (DJCI) was up 1.4% in August and up 4.7% YTD. Rallies in the agriculture and Read more […]
The attacks on Sept. 14, 2019, on Saudi Arabia’s oil facilities have put the oil market back in focus for investors and policy makers alike. The event was reported to have been the largest single supply disruption in the oil market for half a century, crippling half of Saudi oil production and temporarily halting production Read more […]
Over the past five years, the S&P GSCI Coffee underperformed the other soft commodities, as can be seen in Exhibit 1. Broad oversupply issues that have been seen in most commodities have been particularly pronounced in the coffee market. In addition to the major coffee-producing countries’ respective economic problems, these countries also generally suffer from Read more […]
Commodities markets struggled under the weight of an acceleration in trade tensions between the U.S. and China and growing evidence of a slowdown in global economic activity in August. The S&P GSCI was down 5.6% for the month but remained up 6.7% YTD. The Dow Jones Commodity Index (DJCI) was down 2.7% in August and Read more […]
Commodities markets hit the summer doldrums in July. The S&P GSCI was down 0.2% for the month and 13.1% YTD. The Dow Jones Commodity Index (DJCI) was down 0.8% in July and up 6.1% YTD, reflecting its lower energy weighting. Impressive rallies in nickel and silver markets were pitched against a slump in agriculture prices, Read more […]