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Contango Report: NatGas Roll Costs Spike

Contango Report: NatGas Roll Costs Spike

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Featured Commodity

CONTANGO WATCH: The natural gas contango widened significantly after the October futures contract expired and November became the front-month contract. The November-to-December roll is currently $0.29, or 170 percent annualized. Based on the futures strip, the market is pricing in a rally in natural gas to $3.67 in December and $3.82 in January.

ROLL COSTS: It costs investors 170.14 percent annualized to roll front-month natural gas contracts.

BOTTOM LINE: Steep Contango

Has oil moved into backwardation yet? What does corn’s roll yield look like? How do you know when it’s time to buy—or sell?

Each week, we investigate the futures curves of the U.S.’ most important commodities, helping investors better understand the market and seize buy-and-sell opportunities as soon as they arise.

To see current contango curve and front-month roll costs for each of our selected commodities, please select a sector or commodity below (or read the whole report ):

Data as of close on September 28, 2012
Data courtesy IndexUniverse.com

Energy

Agricultural Commodities

Precious Metals

Soft Commodities

Industrial Metals



Current Roll Previous Week's Roll Past Year Average Roll Historical 09/28 5YR Annualized Roll
Energy WTI 4.53% 4.14% 0.31% 5.58%
Brent -8.76% -7.48% -0.59% 1.66%
HH Natural Gas 170.14% 112.26% 3.41% 185.65%
Precious Metals Gold 0.64% 0.82% 0.12% 1.27%
Silver -6.85% 4.53% 0.14% -0.21%
Platinum -3.86% 1.00% 0.26% 0.65%
Palladium 0.81% 7.67% 0.25% 1.44%
Industrial Metals Copper 0.22% 0.22% -0.01% -0.11%
Aluminum 5.70% 8.61% 0.52% 6.27%
Zinc 5.45% 7.55% 0.13% 5.04%
Lead -0.66% 3.60% 0.28% 2.33%
Nickel 1.11% 1.13% 0.10% 1.75%
Tin -1.09% -1.43% 0.05% -3.37%
Agricultural Commodities Corn 1.72% 1.62% -1.23% 10.06%
Wheat 4.90% 4.55% 2.33% 15.35%
Soybeans 0.85% 0.28% -0.18% 4.88%
Live Cattle 19.32% 14.96% 1.21% 9.24%
Lean Hogs 66.00% -6.36% 0.79% 62.70%
Soft Commodities Coffee C 8.94% 9.78% 1.10% 8.04%
Cocoa 2.46% 2.61% 0.77% 3.29%
Sugar #11 -0.29% 9.06% -0.83% -12.47%
Cotton #2 5.65% 9.77% -0.29% 7.61%



 

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