| Commodities declined in August, largely driven by supply fundamentals and evolving macroeconomic headlines, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 14 out of 22 Index constituents posting losses.
Precious Metals was the worst performing sector, down 4.95%, led lower by Silver. Positive US economic data increased expectations that the US Federal Reserve (Fed) may raise interest rates earlier than expected. Agriculture declined 4.78%, led by Soybean Meal, due to a continued strong production outlook for Soybeans and Soybean Meal following supportive weather conditions in the US Midwest. (Press Release)..............................................Full Article: Source
|