KEY HIGHLIGHTS
- All five sectors of the S&P GSCI had positive returns in August, driving the index up 3.4% MTD — now in positive territory for the year, up 2.6%.
- S&P GSCI Precious Metals was the best performing sector, up 7.9% MTD, due to political tensions in Syria. During the month, silver was the best performing commodity in the index, up 19.5%, recording the best August in its history.
- S&P GSCI Energy also benefited from the oil supply concerns from Syria, driving the sector index up 4.0% for the month.
- Hot and dry weather in the U.S. Midwest was another major fundamental driving commodities in August, which pushed S&P GSCI Soybeans up 12.5%—its thirdbest August since 1970.
- Sugar and coffee, down 3.7% and 4.0%, respectively , were the worst performers of the month thanks to pressure from record harvests.
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