Bloomberg Commodity Index
In today's world, Bloomberg Commodity Index has gained transcendental relevance in all areas. From the personal to the professional level, Bloomberg Commodity Index has been the subject of interest and debate in today's society. Its impact has transcended borders and has generated all kinds of reflections and analyzes by experts and ordinary citizens. In this article, we will further explore the meaning and importance of Bloomberg Commodity Index, as well as its influence on our daily lives. Since its appearance, Bloomberg Commodity Index has been the subject of numerous studies and discussions seeking to understand its true nature and its impact on society. Throughout this text, we will explore different perspectives and points of view on Bloomberg Commodity Index, with the aim of shedding light on a topic that concerns us all.
The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index from AIG.[1][2] On July 1, 2014, the index was rebranded under its current name.[3][4]
The BCOM tracks prices of futures contracts on physical commodities on the commodity markets. The index is designed to minimize concentration in any one commodity or sector. It currently has 23 commodity futures in six sectors. No one commodity can compose more than 15% of the index, no one commodity and its derived commodities can compose more than 25% of the index, and no sector can represent more than 33% of the index (as of the annual weightings of the components). The weightings for each commodity included in BCOM are calculated in accordance with rules account for liquidity and production data in a 2:1 ratio, which ensures that the relative proportion of each of the underlying individual commodities reflects its global economic significance and market liquidity. Annual rebalancing and reweighting ensure that diversity is maintained over time.[5][6][7]
Components and weights
| Group | Commodity | 2026 Target Weight (%) |
| Energy | Brent Crude Oil | 8.36% |
| Natural Gas | 7.20% | |
| WTI Crude Oil | 6.64% | |
| Low Sulphur Gas Oil | 2.89% | |
| ULS Diesel | 2.19% | |
| RBOB Gasoline | 2.15% | |
| Energy Total | 29.44% | |
| Grains | Corn | 5.53% |
| Soybeans | 5.36% | |
| Soybean Meal | 2.93% | |
| Soybean Oil | 2.82% | |
| Wheat | 2.72% | |
| HRW Wheat | 1.79% | |
| Grains Total | 21.15% | |
| Industrial Metals | COMEX Copper | 6.36% |
| LME Aluminum | 3.97% | |
| LME Zinc | 2.25% | |
| LME Nickel | 2.23% | |
| Lead | 0.95% | |
| Industrial Metals Total | 15.76% | |
| Precious Metals | Gold | 14.90% |
| Silver | 3.94% | |
| Precious Metals Total | 18.84% | |
| Softs | Sugar | 2.95% |
| Coffee | 2.91% | |
| Cocoa | 1.71% | |
| Cotton | 1.59% | |
| Softs Total | 9.17% | |
| Livestock | Live Cattle | 3.86% |
| Lean Hogs | 1.78% | |
| Livestock Total | 5.64% |
See also
- S&P GSCI
- Reuters/Jefferies CRB Index
- Rogers International Commodity Index
- Standard & Poor's Commodity Index
- NEW-YORK Stock exchange
References
- ^ Dunsby, Adam; Nelson, Kurt (May 2010). "A Brief History of Commodity Indexes: An evolution from passive to active indexes" (PDF). Journal of Indexes. Archived from the original (PDF) on 2015-02-03. Retrieved 2015-02-02.
- ^ "DJ-AIG commods index becomes DJ-UBS in acquisition". Reuters. 2009-05-07. Retrieved 2015-02-02.[dead link]
- ^ "Bloomberg Indexes to Oversee Leading Global Commodity Indexes". bloomberg.com. 2014-04-10. Retrieved 2015-02-02.
- ^ "The Bloomberg Commodity Index Family Transition - Frequently Asked Questions" (PDF). Bloomberg. 2014-06-27. Archived from the original (PDF) on 2015-02-03. Retrieved 2015-02-03.
- ^ "The Bloomberg Commodity Index Family - Index Methodology" (PDF). Bloomberg. 2014-06-30. Archived from the original (PDF) on 2015-03-19. Retrieved 2015-02-02.
- ^ "Bloomberg Commodity Index 2020 Target Weights Announced". Bloomberg Professional Services. Bloomberg L.p. Bloomberg. Retrieved 2020-05-06.
- ^ "Bloomberg Commodity Index 2024 Target Weights Announced" (PDF). Bloomberg Professional Services. Bloomberg L.p. Bloomberg. Retrieved 2023-12-29.
- ^ "Bloomberg Commodity Index 2026 Target Weights Announced | Press | Bloomberg LP". Bloomberg L.P. Retrieved 2025-12-14.