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Economy in Brief

CRB Commodity Price Index Strengthens
by Tom Moeller  June 20, 2016

The Commodity Research Bureau reported that its Index of Spot Commodity Prices has been moving up. The 1.2% gain during the last four weeks added to earlier increases to lift prices during the last 6 months by 11.1%.

Strength in the Foodstuffs subgroup recently has led the increase with a 3.1% rise, paced by strength in butter, cheese, cocoa and coffee prices. Prices in the Fats & Oils also have gained. Livestock prices recently were fairly steady, but during the last three & six months pricing power has improved.

The recent stability of factory sector production has made for little pricing power for industrial commodities. Prices in the Metals group recently have been weak, held back by declines in prices for copper, copper scrap & iron ore. On the strong side have been prices for scrap metals as well as for steel. Prices for Textiles have moved sideways.

Commodity price data can be found in Haver's DAILY, WEEKLY, USECON and CMDTY databases.

CRB Spot Commodity Price Index  (1967=100) 1-Mth % 3-Mth % 6-Mth % 12-Mth % 2015 % 2014 % 2013 %
All Commodities 1.2 5.6 11.1 -0.5 -13.9 1.1 -3.0
   Metals -0.4 5.6 23.7 -5.8 -23.6 1.7 0.6
   Textiles -0.3 0.2 -0.9 1.2 -2.2 -3.1 0.1
   Raw Industrials -0.1 3.2 12.8 -3.0 -14.2 -0.3 0.8
   Foodstuffs 3.1 9.2 8.6 3.1 -13.5 3.1 -8.3
   Fats & Oils 2.7 14.1 16.3 9.7 -20.9 -2.4 -7.4
   Livestock 0.5 11.2 22.6 -2.3 -23.9 5.2 1.0
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