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Late-twentieth century commodity prices
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The Late-twentieth century commodity prices discusses the steep or generally low commodity prices between 1980 and 2000, both in real and nominal terms. For example, soft commodities such as corn were $3.69 per bushel ($145/metric ton) in November, 1980; wheat $5.07 per bushel ($186/metric ton) in November, 1980; while hard commodities such as copper were $3,168.96 per tonne in February, 1980; and gold $850.00 per troy ounce in January, 1980. After nearly twenty years, corn was $1.45 in August, 2000; wheat $1.94 in August, 2000; copper $1,319 in November, 2001; and gold $255.95 in April, 2001. |
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