Which Commodities Are Doing the Best in 2023?

As 2023 draws to a close, a review of the commodity markets reveals a mixed performance across six major sectors. While the majority of sectors witnessed a decline, the soft commodities sector notably defied the trend. Highlighted by the significant price surges in frozen concentrated orange juice and cocoa futures, these commodities have emerged as the top performers of the year. This success is attributed to a combination of fundamental and technical factors that have influenced these markets, standing out in a year where regional production dynamics and varying conditions have played a pivotal role in shaping commodity outputs and prices.