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Commodities Briefing - Categorized | Index, Market Moves more

Scotiabank Commodity Index drops 15.6%

Posted on 28 November 2008

From Theglobeandmail.com: Retreating hedge funds helped drive down the Scotiabank Commodity Price Index by a record 15.6 per cent in October, the sharpest month-to-month drop in the index’s data base, which goes back nearly 37 years.

The index fell to 192.1 points during the month from 227.7 in September, with plunging oil prices leading the way down, Patricia Mohr, Scotiabank’s commodity specialist and a vice-president of economics, said in her latest report Thursday. However, it remained slightly above its year-earlier level of 191 points….. Full Article: Source


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