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Tumbling commodities prices shake index

Posted on 21 December 2015

The commodity rout is approaching an ugly new milestone, with losses across more members of a leading benchmark than in any year since the financial crisis. All but one of the 22 futures contracts in the Bloomberg Commodity Index are now lower in the year to date, with negative returns ranging from minus 6 per cent for sugar to a staggering 50 per cent plunge for natural gas. The last year so many constituents fell was 2008.
Down 26 per cent in the year to last Friday, the index is headed for the worst of five straight years of declines. The breadth of the washout across a varied basket of commodities highlights how pain has spread for producers from grain farmers to commodity exporting nations such as Brazil and Saudi Arabia………………………………………..Full Article: Source


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