Coffee, silver and crude have helped give commodities a boost in the first six months of 2024, helping counter weakness in grains.
Wild weather is taking a toll on commodities markets. Cocoa’s rally is cooling. And Americans can feast on hamburgers at July 4 holiday barbecues without breaking the bank.
Commodities The Bloomberg Commodities Spot Index — a basket of futures contracts for 24 raw materials — has risen 5.7% in the first half of this year, thanks to back-to-back quarters of increases. While a far cry from the gains seen earlier in the pandemic, the commodities gauge is now faring better than in most quarters over the previous two years.
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