FREE Guide - 5 Chart Patterns You Need to Know!

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.

commodity-index-july.png

 

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:

july-futures.png

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. 

Special Offer: Check out our FREE 5 Chart Patterns You Need To Know about to improve your trading skills report.

Get This FREE Technical Analysis Guide!
Timing is everything, and with this guide, you'll learn how technical analysis can help find the right time to enter and exit your futures trades. Nearly 30 explanations and examples of the most popular technical analysis tools are all in this one handy guide. It's like having a futures trading mentor at your side!