##  [# Commodities In Review: July 2019](/sections/etf-report-departments/commodities-review-july-2019) 

 

# Commodities In Review: July 2019

 

 

Agriculture was a bright spot during May.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jul 01, 2019

 Edited by: Heather Bell

 

 

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Agriculture was May’s sole bright spot in the commodity ETF space. The [iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO)](/JO) led the way, with a gain of 12.48%, followed by the [Invesco DB Agriculture Fund (DBA)](/DBA), up 3.54%, and the [iPath Bloomberg Cocoa Subindex Total Return ETN (NIB)](/NIB), up 2.09%. The worst-performing fund was the [United States Oil Fund LP (USO)](/USO), down 16.33%, while the [United States Gasoline Fund LP (UGA)](/UGA) was down 12.95% and the [Invesco DB Energy Fund (DBE)](/DBE) was down 12%. Flows were largely unremarkable, with the [SPDR Gold Trust (GLD)](/GLD) losing $133.4 million, while the [iShares S&amp;P GSCI Commodity Indexed Trust (GSG)](/GSG) lost $121.5 million and the [Invesco DB Commodity Index Tracking Fund (DBC)](/DBC) lost $43.7 million. USO topped the inflows, with a gain of just $14.5 million, followed by the [Aberdeen Standard Physical Platinum Shares (PPLT)](/PPLT), which gained $7 million, and the [Aberdeen Standard Physical Precious Metals Basket Shares (GLTR)](/GLTR), which gained $3.1 million.

![](/sites/default/files/images/Magazines/ETF%20Report/2019/07/CommoditiesJulyFig1.jpg)

![](/sites/default/files/images/Magazines/ETF%20Report/2019/07/CommoditiesJulyFig2.jpg)![](/sites/default/files/images/Magazines/ETF%20Report/2019/07/CommoditiesJulyFig3.jpg)

*Sources: Bloomberg and FactSet. Data from 04/30/2019 to 05/31/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.*





 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Agriculture](http://www.etf.com/topics/agriculture) 

 [Long/Short Commodities](http://www.etf.com/topics/longshort-commodities)