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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Commodities take a hit

Posted on 27 October 2008

From CNN: It’s not just stocks suffering the pain of the global financial mayhem. Commodities like corn, coffee and oil are also taking a big hit. The weakening world economy - and the stronger dollar - are causing many investors to bail out of commodities.

The S&P GSCI Index - which tracks the prices of two dozen raw materials including wheat, corn, sugar, copper and lead - has dropped nearly 29% from the start of the month…… Full Article: Source


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