The commodity rally is all about grains

Wednesday, 18 July 2012

Here is a good summary of commodity returns as of the end of last week.

Overall the CRB commodities index is down 3.1% year-to-date. The index was down as much as 12.5% back in June but recovered as the North American drought pushed up agricultural commodity prices (10.8% rally in less than a month) .

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.