Tag Archives: S&P GSCI
Commodities Could Not Escape the Sea of Red Seen Across Asset Classes in February
The S&P GSCI, the world’s leading commodities benchmark, could not escape the volatile markets experienced in February, as the index fell 3.83% for the month. Despite recent declines, inflation remained high, which kept the U.S. Fed steadfast in its rate-hiking campaign, and expectations for a possible easing by year-end 2023 were squashed in the latest…
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Commodities Flat in January After Second-Best Yearly Performance in Two Decades
The 24 individual commodities comprising the S&P GSCI finished the first month of 2023 with divergent performance. This echoed the uncertain path forward regarding inflation expectations. Half outperformed, with industrial metals leading the way, while the other half declined, with natural gas tanking, as European countries filled their tanks to their brims. Gold had one…
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Commodities Outperform for the Second Year in a Row
The market standard commodities benchmark, the S&P GSCI, performed admirably in 2022, rising 26%, outpacing other commodities indices and asset classes, as well as defying higher interest rates and growing fears of a prolonged global economic slowdown, while high inflation provided a solid backdrop for one of the most inflation-sensitive asset classes. Commodities has been…
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Commodities Challenged by Slowing Global Growth in November
Commodities, represented by the broad-based S&P GSCI, fell 1.7% in November on the back of weakness in the petroleum and grains complexes. Global commodities markets were particularly hit this month by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains falling to multi-month lows and safe-haven gold rising. After 11 months,…
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Petroleum Helped the S&P GSCI Gain 6.7% in October
Commodities, represented by the broad-based S&P GSCI, rose 6.7% in October on the back of strength in the petroleum complex. During the month, the director of the International Energy Agency said the world is in the middle of “the first truly global energy crisis.” All petroleum constituents rose by double-digit percentage points. Livestock also rose,…
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commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI Agriculture, S&P GSCI Aluminum, S&P GSCI Gold, S&P GSCI Heating Oil, S&P GSCI Lean Hogs, S&P GSCI Natural Gas, S&P GSCI Nickel, S&P GSCI Soybeans, S&P GSCI Wheat, SP GSCI Corn, supply chain
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- commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI Agriculture, S&P GSCI Aluminum, S&P GSCI Gold, S&P GSCI Heating Oil, S&P GSCI Lean Hogs, S&P GSCI Natural Gas, S&P GSCI Nickel, S&P GSCI Soybeans, S&P GSCI Wheat, SP GSCI Corn, supply chain
Spotlight on Commodities: Inflation and Innovation
What could the convergence of inflation and interest rate tightening mean for commodities? CME Group’s Blu Putnam takes a fundamental look at global commodity markets with S&P DJI’s Jim Wiederhold and Kelsey Stokes.
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U.S. Dollar Strength Catches Up with Commodities
U.S. dollar strength caught up with commodities in September, with the benchmark S&P GSCI falling 7.8%. Almost all physical commodities are priced in USD, and a stronger USD has historically correlated to weaker commodity demand and lower commodity prices. But the S&P GSCI is holding onto a 21.8% YTD gain despite the USD strength, energy…
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commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI Agriculture, S&P GSCI Cotton, S&P GSCI German Power, S&P GSCI Gold, S&P GSCI Industrial Metals, S&P GSCI Natural Gas, S&P GSCI Petroleum, S&P GSCI Silver, supply chain
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- commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI Agriculture, S&P GSCI Cotton, S&P GSCI German Power, S&P GSCI Gold, S&P GSCI Industrial Metals, S&P GSCI Natural Gas, S&P GSCI Petroleum, S&P GSCI Silver, supply chain
Commodities Take a Break over the Northern Hemisphere Summer
The S&P GSCI fell 2.7% in August; renewed strength in agricultural commodities and the continued rally in natural gas were not sufficient to overcome a late-month decline in oil prices. After eight months, the benchmark commodities index is 32% higher YTD, defying higher interest rates and growing fears of a prolonged global economic slowdown. The…
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Commodities Rise 36% in 2022 after a Flat July
The S&P GSCI remained flat in July, holding on to a 36% YTD gain despite the bearish sentiment permeating the broad financial markets. This benchmark for world commodities has proven its merit during extremely hot inflation. The Fed hiked interest rates another 75 bps to fight inflation late in the month, but several factors across…
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Commodities: Inflation, Interest Rates and the U.S. Dollar
After last week’s highest inflation print in over four decades, the U.S. dollar (USD) rose to its strongest level in 20 years, as measured against a broad basket of currencies. The euro also hit parity with the USD for the first time since 2002 as a consequence of Europe’s front-line exposure to the Russia-Ukraine conflict…
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