Weekly Commodities Update (Mar 16-22)

Weekly Commodities Update (Mar 16-22)

Commodities showed a very mixed picture this week, with strong gains in softs and livestock, while precious metals and several grain contracts came under pressure.

Top gainers:

• $HE #LeanHogs +11.8%

• $SB #Sugar +9.3%

• $RB #RBOBGasoline +6.3%

• $HO #HeatingOil +5.7%

• $BZ #BrentCrude +3.2%

• $ZC #Corn +2.9%

• $CT #Cotton +2.2%

• $LE #LiveCattle +1.1%

Lagging contracts:

• $CL #CrudeOil -0.5%

• $NG #NaturalGas -1.2%

• $KW #WinterWheat -2.0%

• $ZL #SoybeanOil -2.7%

• $ZW #Wheat -3.8%

• $ZS #Soybeans -4.1%

• $MGC #MicroGold -9.6%

Takeaways:

• Livestock was the strongest area this week

• Energy was mixed, with refined products outperforming crude and gas

• Grains remained under pressure

• Gold saw the sharpest decline among the contracts shown

Which move stands out most to you this week?

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