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Commodities Briefing - Categorized | Agriculture, Index, Market Moves, Price Watch more

Commodities advance to two-year high led by agriculture futures

Posted on 12 October 2010

From Bloomberg: Commodities rose to the highest in two years, led by agriculture futures, after a U.S. Department of Agriculture report last week showed corn production in the country would decline more than expected by analysts.
The Standard & Poor’s GSCI Index of 24 raw materials rose as much as 1.3 percent to 571.4810, the highest level since Oct. 3, 2008. The UBS Bloomberg Constant Maturity Commodity Index climbed to 1,490.731, the highest since Aug. 27, 2008. Corn futures gained as much as 8.5 percent and soybeans jumped to a 16-month high……………………………………….Full Article: Source

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