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One chart that tells you everything you need to know about the markets this year

By Matt Phillips
Published Last updated This article is more than 2 years old.

While oats had their brief moment in the sun, coffee is emerging as the king of the financial markets so far in 2014. (And breakfast as an asset class hasn’t done badly either.)

Why? Weather. Brazil, the largest coffee producer in the world, is facing a drought. And while harvests for oats were strong this year in Canada—the largest exporter of the stuff—cold weather is adding to logistical difficulties for railroads trying to get the stuff from prairie warehouses to market in places like Minnesota, home of General Mills. Natural gas prices have also surged during this year’s brutally cold winter.

Meanwhile, at the other end of the performance spectrum, currencies from countries such as Turkey and Argentina have depreciated sharply amid ongoing questions about their countries’ ability to manage their persistent borrowing from abroad (paywall).

Here’s a look at how the asset classes we keep a close eye on stack up so far in 2014.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

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