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Futures Market Recap - July 2014

July 2014 is nearly a wrap and has been an interesting month in the futures market with some big moves being seen in commodities.

Overall, the commodity markets have taken a hit during the month of July with the Dow Jones UBS Commodity Index (comprised of 22 commodity futures in seven sectors) falling 4.91% during the month of July from 134.63 to 128.02.



As you can see from the above chart, July's big move downward in the Dow Jones UBS Commodity Index puts the year to date gains at just slightly above positive. So far in 2014, the index is up just 1.81%.

Here is a look at the individual performance of commodity prices for the month of July:


As illustrated above, there were a significant number of large moves downward including the largest in the soybean market, which saw Soybean Meal fall 15.8% and Soybeans fall 17.2%. The main reason behind the moves in the soybean market have been better than expected crops and extremely favorable weather conditions, which should extend the growing season. Corn and Cotton, down 14.6% and 15.6% respectively, have also fallen due to better than expected crops.

On the upside, oats and coffee led the way this month up 10.8% and 9.5%, respectively. 

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