Posted on 05/17/2022 5:48:31 AM PDT by Presbyterian Reporter
Thomson Reuters/CoreCommodity CRB Index is calculated using arithmetic average of commodity futures prices with monthly rebalancing.
The index consists of 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, RBOB Gasoline, Silver, Soybeans, Sugar and Wheat.
Those commodities are sorted into 4 groups, with different weightings: Energy: 39%, Agriculture: 41%, Precious Metals: 7%, Base/Industrial Metals: 13%.
The point and figure chart is a good way to see the price movements over the past 20 years.
Yesterday's 2.27% increase in the index is mainly the result of wheat prices increasing by the daily limit of 70 cents per bushel.
Here is another website I find useful regarding commodity futures prices. It is the ‘Extreme Futures Moves’.
https://quotes.ino.com/analysis/extremes/futures#winners
CRB = Commodity Research Bureau
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