Now that the year is halfway over, below we highlight the year to date percent change of ten major commodities. As everyone knows, commodities have had quite a run so far in 2008. While oil has been the major focus, natural gas and corn have risen more than crude. Natural gas is up 78.8% so far this year, while corn is up nearly 60%. Oil is up 46% after starting the year at $96/barrel. Trailing oil is platinum, copper, silver, wheat, coffee and gold. Oranges are the only commodity of the ten listed that are down on the year (-17.58%). If the US consumer is going to survive the second half of the year, these commodities are going to have to stop going up...and fast.
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