During the month of April, Livestock (+6.86%) and Interest Rates (+5.36%) were the top performers. April also marked a third consecutive winning month for Crytpo (+2.70%) and back to back winning months for Indices (+1.19%). Grains (-7.04%), were Aprils only negative sector. The selloff in Grains (-7.04%) began in mid April and continued through the rest of the month, largely attributed to the beginning of the spring planting season for Oats, Soybeans, and Corn. As we await more information regarding JPMorgan Chase’s recent takeover of the failed First Republic Bank, investors should be prepared for a rise in interest rates during tomorrows Federal Reserve meeting.
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.