Commodity Index Highest In 2.5 Years

CRB commodity index rose over 1% today, to 201.88--highest since 2015.

“While oil is certainly a main contributor today, nickel is spiking by more than 10 percent on worries that a furtherance of Russian sanctions will hit Norilsk Nickel, the world’s second-biggest producer,” Peter Boockvar, chief investment officer at Bleakley Financial Group LLC, wrote in a note Wednesday.

Does oil usually drive commodities in general?

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Yes commodity index is quite high in 3-4 years perspective. But in 50 years perspective CRB has rather a low value. 

I think that from 2010 to 2016 there was a time to invest in stocks and now from I q of 2016 there is time a good time to invest in commodities.

And for me it doesnt matter whether we talk about food commodities or base metal. Because I expect a broad recovery in commodites prices thanks to falling $ and quite strong economic growth and historically rather low value of CRB index.

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