CRB Commodity Index - Price - Chart - Historical Data (2024)

The CRB Commodity Index rose to 330 points, reflecting mixed performances among key commodities. Gold surged to record highs above $2,500 per ounce, driven by Fed Chair Jerome Powell's hints of a potential interest rate cut in September. Aluminum also gained, reaching a two-month high of $2,540 per tonne, buoyed by strong fund buying and an improved market outlook. Sugar prices hit a monthly peak of 19.1 cents per pound due to concerns over reduced production in Brazil and extreme weather in Thailand. On the downside, natural gas prices fell to a three-week low amid oversupply concerns, with storage levels 12.6% above the five-year average. Corn and soybeans both dropped to four-year lows, with corn at $3.6 per bushel and soybeans at $9.5 per bushel, pressured by better supply prospects, weaker demand, and forecasts of a record autumn harvest.

CRB Index increased 23.45 points or 7.78% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, CRB Commodity Index reached an all time high of 470.17 in July of 2008. CRB Commodity Index - data, forecasts, historical chart - was last updated on September 14 of 2024.

CRB Index increased 23.45 points or 7.78% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. CRB Commodity Index is expected to trade at 331.38 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 341.71 in 12 months time.

CRB Commodity Index

Thomson Reuters/CoreCommodity CRB Index is calculated using arithmetic average of commodity futures prices with monthly rebalancing. The index consists of 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, RBOB Gasoline, Silver, Soybeans, Sugar and Wheat. Those commodities are sorted into 4 groups, with different weightings: Energy: 39%, Agriculture: 41%, Precious Metals: 7%, Base/Industrial Metals: 13%.