The Dow Jones-UBS Commodity Index was up 1.29% for the month of August as Isaac—the first hurricane to reach the U.S. this year—made its way to the U.S. and threatened crops and product production. The storm was eventually downgraded from hurricane strength. Market participants also took note of minutes from the latest Federal Open Market Committee (FOMC) meeting that indicated a third round of monetary easing may be necessary.
For further details, please see the attached report and commentary.
