Commin Commodity Index

From Wikipedia, the free encyclopedia

This article or section does not adequately cite its references or sources.
Please help improve this article by adding citations to reliable sources. (help, get involved!)
This article has been tagged since March 2007.

COMMIN stands for Commodity Index, an index created in 2006 by ClubCommodity.com and based on those commodities which have the US dollar as their currency of quotation.

The index is composed of 24 exchange-traded commodities which are all represented through the quotation of futures contracts in American exchanges.

These futures contracts have different weightings which together determine the total value of the index. COMMIN represents a basket of commodities used throughout the world either as food or which otherwise play a role in human development.

The index, through the various weightings applied to its components, serves not only as a yardstick for the development of commercial activities, but also for the evolution of a number of commodities from mere foodstuffs to sources of alternative energy.

Together with this focus, strict attention is paid to the probable changes in food consumption by people living in nations undergoing a strong increase in per capita income.