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Mr. Brynjolfsson is confident about the long-term prospects for commodities but conceded that this might not be the best time to buy.
"Oil moved up with a firmer stock market and more optimistic prospects for commodities going forward," said Edward Meir, energy analyst at MF Global.
Greenspans comments, combined with weak price prospects for commodities, seemed to do the most harm in Australia, whose fortunes are tied more directly than other Pacific countries to China's economic growth.
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While we see some prospect for commodity prices to rise slightly over the next two years, significant downside risks remain".
A special issue of Business Day examines the durability of the stock upturn and reviews the prospects for bonds, commodities, oil and the dollar, as well as for the scandal-ridden mutual fund industry and the New York Stock Exchange.
A special issue of Business Day examines global and United States markets in light of the weak dollar, with predictions from Wall Street analysts, and the prospects for bonds, commodities and oil.
Monsanto earnings should shed light on prospects for soft commodities, global food demand and crop yields.
Last year, as Glencore spent £1bn buying back its own shares – paying an average of 300p each – Glasenberg was bullish on the prospects for the commodity markets.
Even without a sudden broad surge in prices, prospects for individual commodity-producing companies may be looking up.
As the prospects for economic growth dimmed, several commodities, including oil, silver and palladium, fell by more than 5 percent, perhaps producing some good news for consumers.
Although the IMF reckons the prospects for a broad and destabilising commodity-price spike are falling because a decade of rising food and metals prices has bolstered production, oil remains a dangerous exception (see left-hand chart).
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