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Although not as good a proxy for commodity indices as it once was, the Baltic Dry's fall is reckoned to reflect weakened demand for raw materials in China.
At best they're a rough proxy for commodity exposure.
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And the best proxy for commodities is gold, and has been for 4,000 years.
The resulting diet was used, in a second step as a proxy for demand in agricultural commodities, to test the impact of such a scenario on food production and land use in England and Wales and the impacts of this on agricultural landscapes.
The relationship between crude oil, as a proxy for energy costs, and agricultural commodities (and dairy commodities in particular) has received attention in recent times.
He, too, recommends fewer subsidies for commodity crops.
"Green is proxy for anything.
Unemployment claims are a proxy for layoffs.
Jobless claims are a proxy for layoffs.
Applications are a proxy for layoffs.
Signing a proxy for an annual meeting.
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