During the month of February, the top 3 performing sectors were: grains (+9.54%), metals (+5.25%), and livestock (+4.80%). The bottom 3 sectors were: indices (-3.62%), interest rates (-0.47%) and currencies (+0.79%). February saw spillover volatility from the previous month with all eyes on eastern Europe. As Russia made its aggressive attacks on Ukraine, it sent various commodities sharply higher. Inflationary concerns were at the forefront of the United States agenda, but with a potential WWIII at hand it adds a whole other variable that many were not expecting. February ended with Crude Oil approaching $100 a barrel and Gold and Silver exploding higher.
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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. All data collected from investing.com. S&P 500 Index – data collected from investing.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.