During the month of February, Crypto (+44.91%) and Softs (+7.81%) were the top performers. The bottom performers were Grains (-4.61%) and Metals (-2.70%). Crypto (+44.91%) had an enormous month, with Bitcoin (+44.56%) soaring over $60,000 for this first time since 2020. Softs (+7.81%) were carried by big rallies in Cocoa (+35.01%) and Cotton (+16.91%). Indices (+3.88%) produced a positive month held together from gains in the S&P 500 (+4.79%) and The Nasdaq (+4.87%). With the economy showing no sign of slowing down, the Fed is not expected to cut rates in their next meeting on March 19-20.
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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.