Stocks and News
Home | Week in Review Process | Terms of Use | About UsContact Us
   Articles Go Fund Me All-Species List Hot Spots Go Fund Me
Week in Review   |  Bar Chat    |  Hot Spots    |   Dr. Bortrum    |   Wall St. History
Stock and News: Hot Spots
  Search Our Archives: 
 

 

Wall Street History

http://www.gofundme.com/s3h2w8

AddThis Feed Button

   

06/18/2010

The CRB Index

Lots of talk about inflation/deflation these days and while record high gold levels have captured a lot of the attention, the fact is broad-based commodities indexes have been falling this year which, aside from the vagaries of the U.S. dollar vs. other currencies, particularly the euro, speaks to the prospects for an ongoing economic recovery as the perceptions for global demand impact prices, such as for copper and energy.

One index that has been around a long-time is the Thomson Reuters/Jefferies CRB Index. Founded in 1957, the index is the most widely followed and is comprised of 19 commodities, further broken down into a 4-tiered grouping system designed to reflect the significance of each one.

Energy: 39%
Agriculture: 41%
Precious Metals: 7%
Base/Industrial Metals: 13%

Components…
Energy:

WTI (West Texas Intermediate) Crude Oil…..23%
Heating Oil…………………………………...5%
RBOB Gasoline……………………………....5%
Natural Gas…………………………………...6%

Agriculture:

Corn…………………………………………..6%
Soybeans……………………………………...6%
Live Cattle…………………………………….6%
Sugar………………………………………….5%
Cotton………………………………………...5%
Coffee………………………………………...5%
Cocoa…………………………………………5%
Wheat…………………………………………1%
Lean Hogs…………………………………….1%
Orange Juice…………………………………..1%

Precious Metals:

Gold…………………………………………..6%
Silver………………………………………….1%

Base/Industrial Metals:

Aluminum…………………………………….6%
Copper……………………………………….6%
Nickel………………………………………...1%

[By the way, back when the CRB Index was created in ‘57, it had 28 components, including eggs, flaxseed, lard, lead, onions, potatoes, rubber, rye, and wool tops.]

Here are some key index figures to have in the back of your mind if you’re a market junkie.

The all-time high in the CRB was 473.518 set on 7/2/08 when the economy was still rocking.

Following are some comparative benchmarks along with the CRB.

CRB Index

12/31/07….358.713
07/02/08….473.518
12/31/08….229.543…the market had tanked amidst the financial crisis
12/31/09….283.381…recovery
06/14/10….259.981…???

Oil and Gold

12/31/07….$95.98….$838
07/02/08…$143.74…$934
12/31/08….$44.60….$884
12/31/09….$79.36…$1096
06/14/10….$75.00…$1223

S&P 500

12/31/07…1468.36
07/02/08…1261.51
12/31/08…..903.25
12/31/09…1115.10
06/14/10…1089.63

Sources: Jefferies.com/RJCRB/; various, including StocksandNews.com database

[One easy way to find the CRB index is through Bloomberg.com., ‘Market Data’ then ‘Commodities’]

Wall Street History returns in two weeks.

Brian Trumbore




AddThis Feed Button

 

-06/18/2010-      
Web Epoch NJ Web Design  |  (c) Copyright 2016 StocksandNews.com, LLC.

Wall Street History

06/18/2010

The CRB Index

Lots of talk about inflation/deflation these days and while record high gold levels have captured a lot of the attention, the fact is broad-based commodities indexes have been falling this year which, aside from the vagaries of the U.S. dollar vs. other currencies, particularly the euro, speaks to the prospects for an ongoing economic recovery as the perceptions for global demand impact prices, such as for copper and energy.

One index that has been around a long-time is the Thomson Reuters/Jefferies CRB Index. Founded in 1957, the index is the most widely followed and is comprised of 19 commodities, further broken down into a 4-tiered grouping system designed to reflect the significance of each one.

Energy: 39%
Agriculture: 41%
Precious Metals: 7%
Base/Industrial Metals: 13%

Components…
Energy:

WTI (West Texas Intermediate) Crude Oil…..23%
Heating Oil…………………………………...5%
RBOB Gasoline……………………………....5%
Natural Gas…………………………………...6%

Agriculture:

Corn…………………………………………..6%
Soybeans……………………………………...6%
Live Cattle…………………………………….6%
Sugar………………………………………….5%
Cotton………………………………………...5%
Coffee………………………………………...5%
Cocoa…………………………………………5%
Wheat…………………………………………1%
Lean Hogs…………………………………….1%
Orange Juice…………………………………..1%

Precious Metals:

Gold…………………………………………..6%
Silver………………………………………….1%

Base/Industrial Metals:

Aluminum…………………………………….6%
Copper……………………………………….6%
Nickel………………………………………...1%

[By the way, back when the CRB Index was created in ‘57, it had 28 components, including eggs, flaxseed, lard, lead, onions, potatoes, rubber, rye, and wool tops.]

Here are some key index figures to have in the back of your mind if you’re a market junkie.

The all-time high in the CRB was 473.518 set on 7/2/08 when the economy was still rocking.

Following are some comparative benchmarks along with the CRB.

CRB Index

12/31/07….358.713
07/02/08….473.518
12/31/08….229.543…the market had tanked amidst the financial crisis
12/31/09….283.381…recovery
06/14/10….259.981…???

Oil and Gold

12/31/07….$95.98….$838
07/02/08…$143.74…$934
12/31/08….$44.60….$884
12/31/09….$79.36…$1096
06/14/10….$75.00…$1223

S&P 500

12/31/07…1468.36
07/02/08…1261.51
12/31/08…..903.25
12/31/09…1115.10
06/14/10…1089.63

Sources: Jefferies.com/RJCRB/; various, including StocksandNews.com database

[One easy way to find the CRB index is through Bloomberg.com., ‘Market Data’ then ‘Commodities’]

Wall Street History returns in two weeks.

Brian Trumbore