Top-5 Gainers in 2022: Exxon Mobil, Deere & Company, Soy Beans, Cotton, and the Dollar

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Top-5 Gainers in 2022: Exxon Mobil, Deere & Company, Soy Beans, Cotton, and the Dollar

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Exxon Mobil Corp. (NYSE) XOM Loading USD The year 2022 could be officially called the year of the energy companies as they were the true beneficiaries of rising energy prices. Prices recovered most of the pandemic losses during the previous two years, ahead of expectations. Sanctions against Russia’s oil allowed market players, such as ExxonMobil, to boost their revenues. XOM stocks rose by 80% by the end of 2022.

Deere & Co. (NYSE) DE Loading USD The agricultural sector is the second one to greatly benefit during 2022. The demand for food is dramatically rising ahead of the supply. This trend even increased after the war broke out in Ukraine so farmers have to increase their efficiency. Stocks of Deer & Company rose by 25% in 2022. The company is investing in precision technologies and automation to improve farmers’ performance. Last year the company began to use automated tractors that can pinpoint specific weeds and spot-spraying machines that can separate crops from weeds.

Soybean Soybean Loading USD Prices of soybeans futures rose by 35% to reach their peak values in summer, 2022. Soybeans are primarily used in the food industry, including it being used as a fodder and also for biodiesel production.

Cotton №2 Cotton Loading USD Prices of cotton futures rose by 40% by the summer of 2022 but by December they fell 20% lower than the levels at the beginning of 2021. The major upside driver for cotton prices is the reopening of China’s economy as the country is a major importer of cotton. Weaving factories in China consumes more than a third of the global output. Other large consumers are Bangladesh, Vietnam, and Turkey.

US Dollar Index ICE DX Loading USD The money market in 2022 witnessed severe currency wars as major central banks were rushing to raise interest rates and deliver other measures to strengthen their currencies to confront high inflation. The Federal Reserve (Fed) certainly had the largest arsenal of measures to fight against inflation and the U.S. economy is in much better shape than the rest of the world. Thus, the U.S. Dollar index rose by 10% by the last autumn.

Chart from 19.01.2023

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说明

The year 2022 was very painful for investors. Dreams of recovery after the pandemic and the return to steady growth in the market was revealed to be wishful thinking. Even the prospect of a recovery in 2023 is clouded. The market sentiment could be tracked by the S&P 500 index dynamics that lost 20% in 2022. Nonetheless, some prices of assets rose significantly on this market battlefield.

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