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In today’s commodities market, various key indices and contracts exhibited mixed performances. Crude oil, both in WTI and Brent contracts, experienced declines. The Crude Oil WTI Front Month contract closed at $76.99, a decrease of 0.75%, while the Brent Crude Oil Continuous Contract ended at $81.38, down by 0.63%. These changes reflect ongoing fluctuations in the energy market amidst global economic uncertainties.
Gold and silver also saw declines, with the Gold Continuous Contract closing at $2,375.00, down by 0.75%, and the Silver Continuous Contract dropping significantly by 2.61%, closing at $30.675. These precious metals typically serve as safe-haven assets, and their current downturns could indicate shifting investor sentiments or profit-taking activities.
In contrast, the E-Mini Nasdaq 100 Index Continuous Contract saw a positive movement, rising by 0.63% to close at $18,905.75. Similarly, the E-Mini S&P 500 Future Continuous Contract increased by 0.35%, closing at $5,346.75. However, the E-Mini Dow Continuous Contract experienced a slight decline, falling by 0.03% to $39,770.
Other notable changes in the market include a decline in the Natural Gas Continuous Contract, which fell by 1.94% to close at $2.787, and a minor decrease in the RBOB Gasoline Continuous Contract, ending at $2.4584, down by 0.38%. The Heating Oil Continuous Contract also saw a slight drop of 0.47%, closing at $2.4349.
Among the industrial metals, the Copper Continuous Contract fell by 0.90%, closing at $4.8050, indicating potential concerns over industrial demand. In the precious metals sector, Palladium and Platinum both saw declines. The Palladium Continuous Contract fell by 1.18%, closing at $992.00, and the Platinum Continuous Contract decreased by 0.90%, ending at $1,040.3.
In the agricultural commodities sector, Cocoa experienced a notable drop, with the Cocoa Continuous Contract closing at $7,417, a decrease of 1.58%. Coffee saw a minor decline of 0.02%, ending at 220.40¢. Meanwhile, Corn remained stable at 461.25¢. Cotton saw a decrease of 0.29%, closing at 79.15¢, and Lean Hogs fell by 1.31% to 98.025¢.
Live Cattle and Lumber bucked the trend with gains. The Live Cattle Continuous Contract rose by 0.60%, closing at 184.075¢, while the Lumber Continuous Contract increased by 0.47%, ending at $539.50. Soybean Oil and Wheat showed mixed results, with Soybean Oil decreasing by 0.39% to 45.70¢, and Wheat slightly increasing by 0.11% to 693.75¢. The Sugar #11 Continuous Contract fell by 1.89%, closing at 18.21¢.
In summary, today’s commodities market reflects a blend of gains and losses across various sectors. The energy and metals markets saw more declines than gains, whereas agricultural commodities showed mixed performances. These fluctuations underscore the dynamic nature of the global commodities market, influenced by a myriad of economic factors and investor behaviors.
Table 1: Crude Oil and Major Indices
| Name | Last | Change | % Change |
|---|---|---|---|
| Crude Oil WTI (NYM $/bbl) Front Month | $76.99 | -0.58 | -0.75% |
| Gold Continuous Contract | $2,375.00 | -17.90 | -0.75% |
| E-Mini Nasdaq 100 Index Continuous Contract | $18,905.75 | 119.00 | 0.63% |
| E-Mini Dow Continuous Contract | $39,770 | -13.00 | -0.03% |
| E-Mini S&P 500 Future Continuous Contract | $5,346.75 | 18.75 | 0.35% |
| Silver Continuous Contract | $30.675 | -0.821 | -2.61% |
Table 2: Additional Commodities
| Name | Last | Change | % Change |
|---|---|---|---|
| Brent Crude Oil Continuous Contract | $81.38 | -0.52 | -0.63% |
| Crude Oil WTI (NYM $/bbl) Front Month | $76.96 | -0.61 | -0.79% |
| Ethanol-Denatured Fuel Continuous Contract | $2.161 | 0.000 | 0.00% |
| Heating Oil Continuous Contract | $2.4349 | -0.0114 | -0.47% |
| Natural Gas Continuous Contract | $2.787 | -0.055 | -1.94% |
| RBOB Gasoline Continuous Contract | $2.4584 | -0.0094 | -0.38% |
| Copper Continuous Contract | $4.8050 | -0.0435 | -0.90% |
| Gold Continuous Contract | $2,374.70 | -18.20 | -0.76% |
| Palladium Continuous Contract | $992.00 | -11.80 | -1.18% |
| Platinum Continuous Contract | $1,040.3 | -9.4 | -0.90% |
| Silver Continuous Contract | $30.675 | -0.821 | -2.61% |
Table 3: Agricultural Commodities
| Name | Last | Change | % Change |
|---|---|---|---|
| Cocoa Continuous Contract | $7,417 | -119 | -1.58% |
| Coffee Continuous Contract | 220.40¢ | -0.05 | -0.02% |
| Corn Continuous Contract | 461.25¢ | 0.00 | 0.00% |
| Cotton Continuous Contract | 79.15¢ | -0.23 | -0.29% |
| Lean Hogs Continuous Contract | 98.025¢ | -1.300 | -1.31% |
| Live Cattle Continuous Contract | 184.075¢ | 1.100 | 0.60% |
| Lumber Continuous Contract | $539.50 | 2.50 | 0.47% |
| Soybean Oil Continuous Contract | 45.70¢ | -0.18 | -0.39% |
| Wheat Continuous Contract | 693.75¢ | 0.75 | 0.11% |
| Sugar #11 Continuous Contract | 18.21¢ | -0.35 | -1.89% |