| If you slept through the first quarter in commodity markets, you didn't miss much.The Dow Jones-UBS Commodity Index fell 1.1% in the first quarter, and the lackluster performance could add further fuel to detractors' argument that the commodity supercycle is over for now. The index fell 1.1% in 2012 after declining 13% in 2011.
Most commodity markets are reflecting a modest outlook for the global economy, crimped by slackening Chinese demand, uncertain growth prospects in the U.S. and Europe, adequate stores of raw materials, and a strengthening U.S. dollar undercutting commodity prices. A stronger dollar typically makes dollar-denominated commodities more expensive in other currencies...............................................Full Article: Source
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