During the month of June, the top 3 performing sectors were: energies (10.66%), the S&P GSCI (5.99%) and softs (5.55%). The bottom 3 sectors were: livestock (-10.16%), the grains (-0.60%) and interest rates (-0.20%). Financial markets continue to show strength as job reports and unemployment numbers report stronger than expected. The Federal Reserve said it expected interest rates to remain at zero the rest of 2020 at their meeting on June 10th. COVID-19 cases jump significantly, causing many to wonder whether there may be grounds for a second US lockdown. Commodities, such as grains and softs, started to see some price action as thunderstorms and warm weather passed through the midwest creating ideal growing conditions.
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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. S&P 500 Index – data collected from investing.com. Barclay CTA Index – data collected from barclayhedge.com. S&P GSCI Index – data collected from us.spindices.com/indices/commodities/sp-gsci.