In the chart below, we show the year-to-date performance through last Friday of several different commodities. Fitting for a year with a pandemic ravaging the globe, vitamin C is in demand as orange juice is actually the top performing commodity year to date with a gain of 33.6%. Behind OJ, precious metals have been the next best performers. Gold is up the most of these with an 19.4% gain while silver is up about half that at +9.7%. The only other commodity shown that is in the green on the year is the industrial metal — copper.
On the down side, oil is the farthest in the red with a year-to-date decline of 34.2%. And conversely to OJ’s strong performance, another morning beverage that doesn’t provide a similar immune boost — coffee — is down 24%. Natural gas, corn, and platinum are all down more than 10% YTD, while wheat is down 6.7%. Click here to view Bespoke’s premium membership options for our best research available.