Standard & Poor's Commodity Index
Encyclopedia
The Standard & Poor's
Commodity Index (SPCI) is a commodity price index
that measures the price changes in a cross section of agricultural and industrial commodities with actively traded U.S. futures contracts, stretching across five sectors - Energy
, Metals, Grain
s, Livestock
, and Fibers & Softs. Only commodities that are consumed for industrial use are included in the index. Weights in the index are determined by the dollar value of Commercial Open Interest (COI) for each component commodity, and rebalanced annually each February.
Effective January 31, 2008 Standard & Poor's discontinued calculation and publication of the S&P Commodity Index Series.
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
Commodity Index (SPCI) is a commodity price index
Commodity price index
A commodity price index is a fixed-weight index or average of selected commodity prices, which may be based on spot or futures prices...
that measures the price changes in a cross section of agricultural and industrial commodities with actively traded U.S. futures contracts, stretching across five sectors - Energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, Metals, Grain
Food grain
thumb|150px|Barleythumb|150px|LentilGrains are small, hard, dry seeds harvested for human food or animal feed Agronomists also call the plants producing such seeds grains or grain crops....
s, Livestock
Livestock
Livestock refers to one or more domesticated animals raised in an agricultural setting to produce commodities such as food, fiber and labor. The term "livestock" as used in this article does not include poultry or farmed fish; however the inclusion of these, especially poultry, within the meaning...
, and Fibers & Softs. Only commodities that are consumed for industrial use are included in the index. Weights in the index are determined by the dollar value of Commercial Open Interest (COI) for each component commodity, and rebalanced annually each February.
Effective January 31, 2008 Standard & Poor's discontinued calculation and publication of the S&P Commodity Index Series.
Components and weightings (as of 2006)
- Natural Gas (17.65%)
- Unleaded Gas (12.16%)
- Heating Oil (12.13%)
- Crude Oil (11.41%)
- Wheat (5.15%)
- Live Cattle (4.87%)
- Corn (4.48%)
- Coffee (3.88%)
- Soybeans (3.84%)
- Sugar (3.80%)
- Silver (3.67%)
- Copper (3.39%)
- Cotton (3.22%)
- Soybean Oil (2.98%)
- Cocoa (2.79%)
- Soybean Meal (2.57%)
- Lean Hogs (2.04%)
Other Indices
- Dow Jones–AIG Commodity Index
- Goldman Sachs Commodity IndexGoldman Sachs Commodity IndexThe S&P GSCI serves as a benchmark for investment in the commodity markets and as a measure of commodity performance over time. It is a tradable index that is readily available to market participants of the Chicago Mercantile Exchange. The index was originally developed by Goldman Sachs...
- Reuters/Jefferies CRB Index
- Rogers International Commodity IndexRogers International Commodity IndexThe Rogers International Commodity Index is a composite, USD based, total return index, designed by Jim Rogers in 1996/1997. The first fund began on July 31, 1998....