Markets at Midyear - Commodity Prices

Thursday, July 03, 2008

In this report from NBR's Markets at Midyear 2008 special, NBR Chicago bureau chief Diane Eastabrook finds out why the price of wheat and other commodities skyrocketed in the first half of the year.



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Crude Oil Price Chart

As this chart details, the price of oil rose more than $50 from January through June 2008. (Data source: Reuters.)

External Links/Articles*

• Chicago Board of Trade (CBOT)
  The CBOT is a leading exchange for futures and options on futures. The CBOT website lists the latest prices for futures on corn, soybeans, wheat, ethanol, gold, and other commodities.
• Energy Information Agency (EIA)
  The EIA is an agency of the US Department of Energy. The home page of the EIA website lists the prices for U.S. crude oil and for U.S. retail gasoline.
• International Monetary Fund (IMF)
  The International Monetary Fund (IMF) is an international organization that promotes monetary cooperation, exchange stability, and orderly exchange arrangements; fosters economic growth; and provides temporary financial assistance to countries to help ease balance of payments adjustment. This links to May 8, 2008 remarks made by John Lipsky, first deputy managing director of the IMF. The speech is titled, "Commodity Prices and Global Inflation."
• Reuters-Jeffries CRB Index
  The Reuters-Jeffries CRB Index tracks commodity prices and is mentioned in Diane Eastabrook's report.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.