July Auspice Broad Commodity Index Commentary

Auspice Broad Commodity Excess Return Index (ABCERI)

Market Review

The ABCERI lost 3.57% in July as most commodities sold off aggressively.  This was almost universal across other indices. Despite the sell-off, we continue to see interest in commodities as we observe a tactical asset class rotation from institutional investors.  The interest appears to be rotating into some Metals, which, as a result, are holding up far better, while Grains and other Ags suffer in the short term. 

Download Full Commentary here.