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Commodities Briefing - Categorized | Index, Market Moves more

Scotiabank’s Commodity Price Index tumble 6.8 per cent

Posted on 29 October 2008

From Globeinvestor.com: The Scotiabank Commodity Price Index lost ground for the second consecutive month, tumbling 6.8 per cent in September as hedge funds unwound positions in the resource sector.

The monthly decline in the index, which measures price trends in 32 of Canada’s major exports, was led by a 10.6-per-cent drop in the oil and gas sector, and an 8.9-per-cent decline in agriculture. These are two areas where hedge fund outflows from futures markets have been the greatest, according to the Scotiabank report released Tuesday….. Full Article: Source


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