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Commodities Post Best Rally Since August as Citi Sees Gains

Posted on 20 April 2016

Supply concerns are resurfacing for commodities from crude oil to soybeans, sparking the biggest rally for raw materials since August. The Bloomberg Commodity Index, a measure of returns for 22 components, jumped percent 2.4 to 82.6543 on Tuesday, the biggest gain since Aug. 27. Oil in New York climbed as much as 4.4 percent, corn reached a six-month high and silver entered a bull market.
After five straight years of losses, commodity markets are rebounding as supply overhangs start to subside. Unfavorable weather is threatening soybean output in South America, while the start of a La Nina pattern this year could bring dry weather to U.S. grain-producing regions………………………………………..Full Article: Source


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