From Live News: Once again nothing was spared in last week’s selling crunch in commodity markets. Shares, currencies and commodities were either pounded or pursued, such as the yen and the greenback.
Major commodity indices told the story in that sector: the Standard & Poor’s 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. The Reuters Jefferies/CRB-Jeffries is off a similar amount. It fell more than 9% and is down 46% from a record in July….. Full Article: Source