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The Macquarie Group projected in a commodities research note this week that light sweet crude would average $110 a barrel this year, $115 in 2012 and $117 in 2013.
According to Judy Ganes, director of news and research at InterCommercial Markets, a commodities research and exchange site, coffee prices are at nine-year lows.
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China has dealt the biggest blow, says Rich Nelson of Allendale, a commodity-research firm in Illinois.
Jeffrey Christian of CPM Group, a New York commodities research firm, is a gold bull.
"The rally of the past few years seems like it is coming to an end," said Antoine Halff, the head of commodities research at Newedge, a brokerage firm.
Now we're worried about them being too low," said Julian Jessop, head of commodities research with London-based researchers Capital Economics.
If Bitcoin is, in fact, a commodity, Goldman's head of commodities research, Jeff Currie, argues that it still won't hold a candle to the gold-standard of commodities — gold.
As far as commodities outside the oil patch, "the critical thing next year is going to be the answer of whether we have a hard or a soft landing," said Steve Strongin, director of commodities research at Goldman , Sachs & Company
Robert Davis, head of global commodities research at ING Barings, is a fan of RJB Mining, an English coal miner.
"The market basically overshot because it was overly optimistic about the economy," said Antoine Halff, the head of commodities research at Newedge, a brokerage firm.
"It might seem counterintuitive," said Antoine Halff, head of commodities research at Newedge, a brokerage firm, "but OPEC should be increasing its production now that prices are dropping.
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