Commodity market up in JuneAccording to a recently released report, commodity performance showed positive numbers in June, amid concerns from the euro zone crisis, which was calmed in some measure by the EU Summit.

The Dow Jones-UBS Commodity Index Total Return increased by 5.49 percent in June and 14 out of 20 index constituents increased in value overall.

"Commodities were higher in June after reacting positively to the outcome of the European leaders' summit, which established some guidelines for how the Euro area crisis will be handled and revealed that Germany is willing to compromise," said Nelson Louie, global head of commodities in Credit Suisse's Asset Management division. "However, we believe that the key driver of commodity prices as we move into the second half of the year will ultimately be global growth."

Louie added that the decrease in cyclical momentum should be monitored despite predictions that global GDP growth will be stronger in the second half of the year than the first.

Domestic and international supply chain management could be impacted by the performance of one iconic summertime commodity: corn. U.S. corn growers were worried about the Midwest heat, which has been withering the world's largest corn crop and forcing the government to make cuts to its July estimates for domestic inventories.
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