Performance of Commodity Sub-Groups
Mike Panzner takes a look at the Commodity Research Bureau Index for 2007.
This year (2007), its is up 16.6%.
Given all the headlines about near-$100 oil, people might naturally assume the best-performer among the six sub-groups is energy.
That would be wrong.
In fact, the grains are the king of commodities during 2007. That sub-group, which includes wheat, corn, and soybean futures, has outpaced the CRB index by 34.61%, around twice that of the energy complex.
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Performance of CRB Sub-Groups Relative to CRB Index (2007)
CRB % Thru
Sub-Group 12/26/07
=============== ======
Grains 34.61
Energy 17.19
Precious Metals 6.33
Industrials 0.31
Livestock -15.24
Softs -18.52
Monday, December 31, 2007 | 03:00 PM | Permalink
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Comments
C'mon...what inflation!!? Thought I'd get ya going...keep up the good work. Great '08 to ya
Posted by: Stev W | Dec 31, 2007 3:10:43 PM
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