During the month of October, the top 3 performing sectors were: indices (+6.90%), metals (+5.63%), and grains (+5.55%). The bottom 3 sectors were: livestock (-3.20%), softs (-1.29%) and interest rates (-0.27%). The stock market continues its march higher earning nearly 7% in the month of October. The livestock sector, specifically Lean Hogs, saw a decline in prices due to the oversupply in the global market with the main cause being the overcompensation of production because of ASF. Inflation continues to be of concern as prices across the board continue to rise with no relief in sight. It will be an interesting end of the year!
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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.