12.10.2016 - Commodities Increased in September due to Supply Fundamentals in Agriculture and Energy
Commodities increased in September, broadly due to supply fundamental factors, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was positive for the month, with 18 out of 22 Index constituents posting gains. Credit Suisse Asset Management observed the following: Industrial Metals was the best performing sector, up 5.21%, led by Nickel amid reports that the Philippines may suspend additional mines for failing to meet environmental standards as a result of the government's audit. Agriculture ended 4.25% higher. Sugar gained the most as UNICA, the Brazilian Sugarcane Industry Association, reported lower-than-expected domestic cane yields. In addition, the International Sugar Organization forecasted a global sugar deficit for the 2016-2017 season..............................................Full Article: Source
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