June 2015

The Bloomberg Commodity Index (BCOM) gained 1.7% in June and 4.7% in Q2. Agriculture prices drove broad commodity benchmarks higher in June on the back of USDA reports that stockpiles were smaller than expected. Grains and Softs were the best performing BCOM groups in June, up 18.5% and 2.4% respectively. BCOM returned 4.7% in Q2, capping three quarters of losses, and outperforming US equities, US treasuries and the US dollar in June, with 11 out of 22 BCOM constituents trading higher.