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Commodities Briefing - Categorized | Index, Market Moves more

Commodities Seen Ending With Whimper After World-Beating Rally

Posted on 16 September 2016

For commodities, 2016 started with a bang. If history is any guide, it will end with a whimper. The Bloomberg Commodity Index, tracking returns for 22 components, is heading for a third-quarter slump after posting consecutive gains in the first two periods. Since the data begins in 1991, that’s only happened in four other years — and the final quarter was a loser for three of them.
With supply gluts persisting from corn to oil, traders are already gearing up for declines. Investors pulled $791 million out of exchange-traded funds tracking commodities over the past month, a reversal from earlier this year that have still left inflows up by $34.1 billion for the year………………………………………..Full Article: Source


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