Key Highlights
- The DJ-UBS Commodity Index returned 1.2% in December, with YTD returns down 9.5%.
- Energy and industrial metals were the best-performing sectors in the index MTD, up 5% and 4.9%.
- Grains and precious metals were the worst-performing sectors in the index MTD, down 3.9% and 3.7%.
Market Snapshot
The DJ-UBS Commodity Index was up 1.2% MTD but closed the year down 9.5%, marking its third annual decline. Soybeans, soybean meal, cotton, and crude (Brent and WTI) were positive YTD but only eight commodities closed the year on a positive note out of the 22 commodities that compose the index.
In 2013, commodities in general and gold specifically were pressured by a government shutdown, a strengthening economy, lower-than-expected inflation and concerns over the growth in the Chinese economy.
Of the six sectors in the index, only energy and industrial metals were positive, up 5% and 4.9%. Grains andprecious metals were the worst-performing sectors in the index, down 3.9% and 3.7%.
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