CRB is the abbreviation of "Commodity Research Bureau", translated as "Commodity Research Bureau" or "Commodity Research Bureau".
, the CRB index is a good indicator of inflation.
It moves in the same direction as the inflation index.
At the same time, it moves in the same direction as bond yields.
To a certain extent, it reflects economic development.
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In addition, CRB index is traded as a futures product in the futures or options market, providing investors with new methods of hedging and risk reduction, and enriching the investment tools in the futures market.
In 1933, a young American reporter, Milton Jiler, discovered that the Wall Street Journal reported very detailed stock information, but rarely reported information about commodity futures prices.
1. Milton Jiler believed that it was necessary to establish a medium for timely dissemination of product information. With this idea, he and his brother founded CRB.
CRB's original publication was called "Futures Market Service" (Futures Market Service), a weekly magazine that continues to this day.
In 1939, the CRB published the first Commodities Yearbook, a volume containing detailed statistical information on commodity trading on all exchanges. Like the Futures Market Service, it continues to this day and is known as the "Industrial Bible."
2.CTA Fund Network is a portal website for China’s futures funds.
Currently, CRB regularly (daily) releases three major commodity price indexes: CRB spot index (CBR BLS spot index), CRB continuation index (CCI) and TRJ-CRB index.
These three are related to each other, but they are also different.
The CRB Continuing Index (CCI) and TRJ-CRB are both futures price indices.
This article briefly introduces the origin, historical changes, compilation methods and functions of the CRB series index to help everyone better understand the CRB index.
3. The commodities covered by the CRB index are all bulk commodities of raw material nature, and their prices come from the futures market and are time-sensitive.
Therefore, the CRB index has a positive effect on reflecting the overall changes in world commodity prices.
It not only better reflects changes in the producer price index (PPI) and consumer price index (CPI), but is also more advanced and sensitive than the indicators of CPI and PPI.
It can be viewed as an indicator of inflation.
Play an economic early warning role.
Research shows that understanding the origin, development history, calculation methods and functions of the CRB index can allow us to better utilize the information and data of the index to make analytical judgments for investment and decision-making services.