CRB Index

The CRB Index is a commodity index calculated based on the prices of commodity futures. Initially, the index was calculated by the Commodity Research Bureau, therefore it is called CRB. Later, Refinitiv became a provider of the index. The index consists of 19 components, grouped into 4 groups of liquidity: 1) Petroleum products, 2) seven highly liquid commodity assets 3) four liquid commodity assets 4) five commodity assets. The index Components are: aluminum, cocoa, coffee, copper, corn, cotton, crude oil, gold, fuel oil, pork, livestock, natural gas, nickel, orange juice, gasoline, silver, soybeans, sugar and wheat. The composition of index components can change and depends on factors: trading activity and spreads, the significance of a product (in terms of consumption and production), correlation and relationship with other assets, the property of a product as a commodity asset (for example, inflation protection), etc. This index is often the benchmark for many commodity ETFs.