In January 2026, commodities saw double-digit percentage gains, with precious metals leading until prices collapsed on January 30. Silver futures rose by 11.23%, gold by 9.31%, platinum by 4.28%, and palladium by 3.13%. However, all precious metals ended the month on a bearish note after a parabolic run.

Natural gas futures surged in January due to increased heating demand from cold weather conditions across the U.S. March NYMEX natural gas futures gained 39.11%. WTI and Brent crude oil futures rose by nearly 14%, while gasoline and heating oil futures posted gains of 11.52% and 20.42%, respectively.

Copper futures rose by 4.26% in January, settling at $5.9240 per pound. The March delivery reached a record high of $6.5830 before correcting below $6. Lumber futures increased by 3.30% in January, settling at $595 per 1,000 board feet.

Soft commodities were volatile in January, with cocoa futures leading the sector with a 31.33% decline. Cattle and hog prices bounced higher, with lean hog futures gaining 11.81%. Grain prices were mixed, with soybean and wheat futures posting gains, while corn futures fell.

Bitcoin and Ethereum declined by 4.22% and 9.83% in January. The dollar index fell by 1.21%, while the S&P 500 index rose by 0.66%. Expect continued volatility in the commodities market in February and beyond, with seasonality impacting prices.

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