During the month of August, Grains (+3.40%) and Softs (+1.29%) were the top performers. The bottom performers were Crypto (-11.31%) and Livestock (-6.26%). Leading up to the two-day Jackson Hole symposium, markets were bearish as uncertainty arose around the future economic outlook. Chair Powell went on to announce the economy is not cooling as expected and tightening may not be over. Although there was a late rally in the last week of August, it was not enough as Indices (-2.22%) finished slightly lower on the month. With September approaching, we look forward to harvest season and fall weather.
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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.