Commodity Roundup- October’s Top Performers and Underperformers

Commodity Market Overview - Soybean futures rallied over $11 per bushel, gaining 9.31% in October, forming a bullish key reversal on the monthly chart [1] - Corn futures increased by 3.85%, surpassing $4.30 per bushel, also forming a bullish key reversal [7] - Wheat futures rose 5.12%, moving from under $5 to over $5.30 per bushel, narrowly missing a bullish key reversal [8] Precious Metals Performance - Platinum declined by 1.89% in October, while palladium led with a 13.03% gain [3] - Gold and silver futures posted gains of 3.18% and 3.26% respectively, despite correcting from all-time highs of $4,398 and $53.765 per ounce [4][5] Other Commodities - FCOJ fell over 28%, and world sugar futures dropped more than 13% in October [6][13] - Copper recovered by 4.79%, while lumber futures fell by 8.84% due to elevated long-term interest rates [12] Energy Sector Insights - Natural gas futures were over $4.12 per MMBtu at the end of October, with January 2026 delivery prices settling at $4.369 per MMBtu [16] - U.S. natural gas inventories were 0.8% above last year's level and 4.6% over the five-year average [18] Economic and Geopolitical Factors - The U.S. stock market continued to rally, but the ongoing government shutdown poses potential risks to the economy [20] - The dollar index rose by 2.24%, which may create mixed signals for commodity prices [14]