Lehmans cuts down on agriculture in 2008 commodity index weights

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Lehman Brothers has revealed its commodity index (LBCI) weighting for the year ahead, including a sharp drop in agricultural commodities. The LBCI will see a 4.08% drop in the agricultural sector weighting, which includes both grains and softs, despite positive performances in the sector during recent months. The energy sector weighting is increasing by 2.1%, with the new allocation of 57.96%.

The index is calculated using a three-year period of futures contract trading volumes. During the past t

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