During the month of August, the top sectors were: Softs (+7.60%) and Grains (+1.01%). The bottom 3 sectors were: Crypto (-10.66%), Livestock (-6.45%) and Indices (-4.50%). The US dollar remains king and continues to make highs as the Euro and Yen are on 20 year lows against the dollar. Most other commodities saw a sell off in August with Crude Oil hitting a recent low of $86 a barrel. The equity markets started the month strong, but speculation leading up to the Jackson Hole economic symposium really put downward pressure on the markets as the Fed hinted at another rate hike in September.
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Sector & Index Performance Consists of the following:
Grains: Corn, Soybean Meal, Oats, Soybeans, Soybean Oil, Wheat, Rough Rice. Livestock: Live Cattle, Feeder Cattle, Lean Hogs. Softs: Cocoa, Orange Juice, Sugar No. 11, Random Length Lumber, Coffee, Cotton No. 2. Currencies: Euro Currency, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc, US Dollar, Brazilian Real, Mexican Peso, Australian dollar. Indices: S&P 500, Mini Dow, Mini Nasdaq. Interest Rates: 30-year t-bond, 10-year t-note, 5-year t-note, Eurodollars. Metals: Gold, Silver, Copper, Platinum, Palladium. Energy: Crude Oil, Reformulated Gas, Natural Gas, Heating Oil, Denatured Fuel Ethanol. Crypto: Bitcoin and Ethereum. S&P 500 Index – All data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.