key commodity report · trading platform where many commodities are bought & sold. now known as...
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346.30 338.88 349.13 441.30 2.19% -21.53%
895.7 884.3 873.7 892.1 1.29% 0.40%
293.24 288.25 293.79 309.22 1.73% -5.17%
28.39 27.94 28.59 27.98 1.59% 1.47%
16.16 16.53 14.77 11.95 -2.24% 35.24%
512.25 491.06 532.87 519.50 4.32% -1.40%
2.376 2.404 1.644 1.761 -1.16% 34.92%
2.779 2.644 1.865 1.825 5.09% 52.25%
23.75 21.93 16.44 17.35 8.27% 36.83%
1.710 1.754 1.661 2.404 -2.56% -28.87%
0.953 0.954 1.120 1.117 -0.16% -14.73%
1.830 1.899 2.630 1.863 -3.62% -1.76%
0.6460 0.6534 0.7362 0.7221 -1.13% -10.54%
1.2088 1.1166 1.1555 1.3820 8.26% -12.53%
1.1220 1.1600 1.0441 1.1280 -3.28% -0.53%
90.00 90.00 78.50 74.00 0.00% 21.62%
33.20 32.88 34.01 27.85 0.97% 19.21%
0.968 0.948 1.263 0.680 2.16% 42.35%
40.46 39.860 38.11 59.28 1.52% -31.75%
118.90 117.000 137.05 191.86 1.62% -38.03%
243.70 243.000 266.28 305.50 0.29% -20.23%
217.70 217.400 218.32 274.30 0.14% -20.63%
1.823 1.716 1.736 2.428 6.24% -24.92%
1.13161 1.12479 1.1039 1.1234 0.61% 0.73%
1.2579 1.238 1.2612 1.2514 1.61% 0.52%
0.69648 0.6892 0.6607 0.6968 1.06% -0.04%
1.3560 1.3629 1.3631 1.3076 -0.51% 3.70%
7.007 7.070 7.031 6.877 -0.90% 1.88%
0.940 0.947 0.964 0.990 -0.75% -5.06%
26.25 26.03 26.25 25.55 0.85% 2.74%
128.95 123.75 110.22 104.10 4.20% 23.87%
0.9615 1.0225 1.0726 1.0585 -5.97% -9.16%
* Used as the indexing unit of measure for this exchange rate
CME Group
Corn
Soybean
Soy Meal
vs. Last Year6/29/2020
July 13, 2020
7/6/2020
This Week Last Week YTD Avg Last Yearvs. Last Week
Commodity Activity - Weekly Average
Soybean Oil
Market Commentary
*Euro
Canadian Dollar
Chinese Yuan
Source: Federal Reserve Bank of New York
ICE Futures
Sugar 16
CoffeeSource: Intercontinental Exchange
Swiss Frank
*British Pound
Orange Juice
Wheat
Rough Rice
Heating Oil No.2 Spot
Cheddar Barrel
Cheddar Block
Milk Class III
Source: CME Group
USDA Weekly Prices
Palm Oil
Butter AA
On Highway Diesel
Live Cattle
Pork Bellies
*Australian Dollar
Eggs Large MW
Course Ground Beef
USDA Pork Carcass Cutout
Federal Reserve
Chicken Breast Jumbo MW
On Highway Gasoline
Natural GasSource: New York Mercantile Exchange
Crude Oil
Crude Peanut Oil
Source: USDA
NYMEX Futures & Retail
Key Commodity Report Weekly
Commodity Information: Commodity information found in this report is publicly available. It can be found from numerous sources, all of which are noted. This report is for general informational purposes only. You should not rely upon the material or information in this report as a basis to make any hedging or buying decisions. Sysco makes no representations or warranties of any kind, express or implied, about the completeness, reliability, suitability, accuracy, or availability of the information contained in this report for any purpose and any reliance placed upon this information is done strictly at your own risk. Please note that rounding can affect the percent of change values.* U.S. Currency Index compares the U.S. Dollar
2.26
2.28
2.3
2.32
2.34
2.36
2.38
U.S. Currency Index
24
26
28
30
32
34
36
15
25
35
45
55
65
75
JanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
berJanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
berJanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
ber
Soybean Oil & Crude Oil Relationship
Crude Oil Soybean Oil
15
25
35
45
55
65
75
85
JanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
berJanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
berJanuaryFebruaryM
archAprilM
ayJuneJulyAugustSeptem
berO
ctoberNovem
berDecem
ber
Crude Oil - Average Weekly Price - NYMEX
0 100 200 300 400 500
This Week
Last Week
YTD Avg
Last Year
Corn
0.00 0.50 1.00 1.50 2.00 2.50 3.00
This Week
Last Week
YTD Avg
Last Year
Cheddar Block
0.90 0.95 1.00 1.05 1.10
This Week
Last Week
YTD Avg
Last Year
Coffee
Commentary: With the exception of rice, all traded agricultural grain based products moved higher last week. We are still trading on the news about fewer planted acres for corn and beans, which had the affect of pushing these markets higher, but weather is now becoming extremely important. July is the most important weather month for corn and August for beans. There were some dry areas, which were guiding traders' activities. The evidence is in the Commitment of Trader's report from The CBOT, which is showing increase in long contracts, many of which are large fund traders. It is also reported that the short position for soybean meal is shrinking. There is some good news, as we move into this week, that needed rain has moved across the growing regions where dryness was a concern. Trading will likely start this week a little lower. Weather for Canola has been good with mild temperatures and plenty of rain. Crop estimates are creeping higher as a result. Palm oil moved higher last week as a result of real demand mixed with large fund activity.
Term DefinitionUSDA United States Department of Agriculture
Chicago Board of Trade (CBOT)Trading platform where many commodities are bought & sold. Now known as the CME Group.
CME Group
Chicago Mercantile Exchange and CBOT mergedto create the CME Group. The largest trading platform globally.
Basis A premium or discount to the futures marketBoard Current futures price.Bull A trader who thinks the market will trend higherBear A trader who thinks the market will trend lowerShort A term used to identify selling a commodity or derivativeLong A term used to identify buyin a commodity or derivativeFront Month Current futures trading monthBack months Any trading month beyond the front month
Futures Contract
A legally binding agreement to buy or sell a commodity or financial instrument at a later date pursuant to the Rules of the Exchange
Forward Contract
A private, cash-market agreement between a buyer and seller for the future delivery of a commodity at an agreed price. In contrast to futures contracts, forward contracts are not standardized and not transferable.
Carryover Last year's ending stocks of a storable commodity
CorrectionWhen the market makes a full about face moving by 10% or greater
RetracementWhen the market makes an about face, but not as strong as a correction
CWT Centum Weight or 100 weight
Backwardation
A term used mostly in energy trading referring to inverted futures where prices currently are higher than in deffered months.
Long Refers to buyingShort Refers to selling
WASDE ReportRefers to the USDA World Agricutural Supply & Demand Estimates
Metric Tonne 2,204 pounds
Renewable Fuel Standard (RFS)
Congress created the renewable fuel standard (RFS) program to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector while reducing reliance on imported oil. This program was authorized under the Energy Policy Act of 2005 and expanded under the Energy Independence and Security Act of 2007. https://www.epa.gov/renewable-fuel-standard-program
bpa bushels per acre
Corn - CBOT Weekly Futures Price
300.00
320.00
340.00
360.00
380.00
400.00
420.00
440.00
460.00Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Corn - CBOT Average WeeklyPrice - Dollars / Bushel
Average 2018 2019 2020
Soybeans - CBOT Weekly Average Price - Dollars / Bushel
750
850
950
1050
1150
1250
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Soybeans - CBOT Average WeeklyPrice Dollars / Bushel
2020 2019 2018 Average
Soybean Meal - CBOT Weekly Average Price - Dollars / US Ton
250
270
290
310
330
350
370
390
410
430
450
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Soybean Meal - CBOT Average WeeklyPrice Dollars / U.S. (short ton)
2020 2019 2018 Average
Soybean Oil - CBOT Weekly Average Price - Cents / Pound
25.00
27.00
29.00
31.00
33.00
35.00
37.00
39.00
Soybean Oil - CBOT Average WeeklyPrice - Cents / Pound
2020 2019 2018 Average
Wheat - CBOT Weekly Average Price - Dollars / Bushel
350
400
450
500
550
600
650
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Wheat - CBOT Average WeeklyPrice - Dollars / Bushel
2020 2019 2018 Average
Barrel Cheddar - CME Average Weekly Price / Pound
1
1.2
1.4
1.6
1.8
2
2.2
2.4
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Barrel Cheddar - CME Average Weekly Dollars per Pound
2020 2019 2018 Average
40 LB Block Cheddar - CME Average Weekly Price / Pound
1
1.2
1.4
1.6
1.8
2
2.2
2.4
2.6
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Block Cheddar 40 #- CME Average Weekly Dollars per Pound
2020 2019 2018 average
Milk Class III - CME Average Weekly Price CWT
11
13
15
17
19
21Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Milk Class III- CME Average Weekly Price cwt
2020 2019 2018 Average
Butter AA - CME Average Weekly Price lb
1
1.2
1.4
1.6
1.8
2
2.2
2.4Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Butter AA- CME Average Weekly Price lb
2020 2019 2018 AVerage
Live Cattle - Average Weekly Price USDA - 6 State Average
0.95
1.05
1.15
1.25
1.35
1.45
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Live Cattle - Average Weekly Price
2020 2019 2018 Average
USDA Coarse ground 81% Steer & Heifer Source
1.4
1.9
2.4
2.9
3.4
3.9
4.4
4.9
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
USDA Coarse ground 81% Steer & Heifer Source
2020 2019 2018 Average
USDA Carcass Cutout Value - Average Weekly Price
0.52
0.62
0.72
0.82
0.92
1.02
1.12
USDA Pork Carcass Cutout Value - FOB Plant
2020 2019 2018 Average
USDA PM Belly, Derind 9-13# FOB Plant
0.45
0.95
1.45
1.95
2.45Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
USDA PM Belly, Derind 9-13# FOB Plant
2020 2019 2018 Average
Chicken - Midwest Jumbo Boneless/Skinless Tender Out
0.7
0.9
1.1
1.3
1.5
1.7Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Midwest Jumbo Boneless/Skinless Breasts Tender Out
2020 2019 2018 Average
Shell Eggs - White Large, Midwest
0.5
1
1.5
2
2.5
3Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Shell Eggs - White Large, Midwest
2020 2019 2018 Average
USDA Weekly Price - Crude Peanut Oil
60
65
70
75
80
85
90
95
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
USDA Weekly Price - Crude Peanut Oil
2020 2019 2018 Average
Weekly Price - Cash Palm Oil
25
30
35
40
45
50
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Weekly Price - Cash Palm Oil
2020 2019 2018 Average
Crude Oil - Average Weekly Price - NYMEX
0
10
20
30
40
50
60
70Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Crude Oil - Average Weekly Price - NYMEX
2020 2019 2018 Average
Heating Oil - Average Weekly Spot Price - NY Harbour
100
120
140
160
180
200
220
240
260
280
300
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Heating Oil - Average Weekly Spot Price - NY Harbour
2020 2019 2018 Average
Diesel - Average Weekly Highway Price
200
220
240
260
280
300
320
340Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Diesel - Average Weekly Highway Price
2020 2019 2018 Average
Gasoline Unleaded - Average Weekly Highway Price
170
190
210
230
250
270
290
310Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Gasoline - Average Weekly Highway Price
2020 2019 2018 Average
Natural Gas Futures - New York Mercantile Exchange
0.2
0.7
1.2
1.7
2.2
2.7
3.2
3.7
4.2Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Natural Gas Futures - New York Mercantile Exchange
2020 2019 2018 Average
Sugar #16 - New York Board of Trade (ICE)
22
24
26
28
30
32Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Sugar #16 - New York Board of Trade (ICE)
2020 2018 2019 Average
Orange Juice - (OJ) NYBOT ICE Weekly Price - Dollars per CWT
90
100
110
120
130
140
150
160
170
180Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Orange Juice - (OJ) ICE Average Weekly Price
2020 2019 2018 Average
Coffee - (KC) NYBOT Average Weekly Price - Dollars per Pound
0.8
0.9
1
1.1
1.2
1.3
1.4
1.5
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Coffee - (KC) NYBOT Average Weekly PriceDollars / Pound
2020 2019 2018 Average
Foreign Exchange Rate - Euro, EMU Members
1.04
1.09
1.14
1.19
1.24
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Foreign Exchange Rate - Euro, EMU MembersFederal Reserve Bank of New York
2020 2019 2018 Average
Foreign Exchange Rate - Canadian Dollar
1.2
1.25
1.3
1.35
1.4
1.45
1.5
1.55
1.6Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Foreign Exchange Rate - Canadian DollarFederal Reserve Bank of New York
2020 2019 2018 Average
Foreign Exchange Rate - Australian Dollar
0.55
0.6
0.65
0.7
0.75
0.8
0.85Ja
nuar
y
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Oct
ober
Nov
embe
r
Dece
mbe
r
Foreign Exchange Rate - Australian DollarFederal Reserve Bank of New York
2020 2019 2018 Average