Precious metals, including platinum, palladium, silver, and gold, saw significant gains in September, outperforming other commodities. Platinum led the sector with a 15.62% increase, reaching its highest price since 2014. Palladium and silver also posted double-digit gains, while gold hit a new record high of nearly $3,900 per ounce.

In contrast, agricultural commodities, including soybean, corn, wheat, and cocoa, experienced losses due to ample supplies. The soft commodity sector saw declines in cocoa, sugar, coffee, cotton, and orange juice futures. Livestock futures fell as the grilling season ended, but beef prices remained near record highs.

Oil prices were slightly lower in September, influenced by increasing OPEC+ production and U.S. energy policies. Natural gas and ethanol prices fluctuated, while coal futures dropped as winter approached. The Fed cut the short-term rate by 25 basis points, and the stock market continued to rise.

As the winter season approaches, meat and gasoline prices are expected to weaken, while livestock futures remain high. Natural gas futures could see volatility as the peak demand season begins. Precious metals continue on a bullish trend, with gold hitting its ninth consecutive quarterly record high.

Commodities are likely to experience continued volatility in October and beyond. The economic and geopolitical landscapes present challenges, including a U.S. government shutdown, impacting markets. Investors should stay vigilant and prepared for potential fluctuations in the commodities asset class.

Read more at Yahoo Finance: Commodity Market Roundup- September’s Top Performers and Underperformers