- Commodity prices as measured by the Total Return Bloomberg Commodities Index reaches new five-year lows, hit by a strengthening dollar, the prospect of a record grain harvest in the U.S. and concerns over weakening economic growth in China.
- The index has dropped more than 12% since the end of June amid falling prices for commodities such as crude oil, soybeans and gold.
- Even industrial metals, one of this year’s best performers in commodities, have started to come under pressure; nickel has dropped 10% since the end of June, copper prices are at three-month lows, and iron ore trades below $80/ton for the first time since 2009.
- ETFs: USO, AGQ, OIL, DBA, CORN, USLV, UCO, ZSL, UGL, SCO, DGP, GLL, JJC, RJA, JJG, UGLD, BNO, WEAT, DZZ, DTO, SOYB, DBO, DSLV, DGL, CRUD, DBS, DAG, DGZ, JJA, DGLD, USL, GRU, DBE, UWTI, JJN, DNO, DWTI, RJN, USV, RGRA, AGA, UBG, AGF, CPER, SZO, BAR, FUD, USAG, OLO, UAG, WEET, DIRT, JJE, BARS, TAGS, NINI, CUPM, ONG, RGRE, ADZ, OLEM, UBN