FT Alphaville " Houston, we have a commodity abundance issue From S&P Indices weekly commodities note by Mike McGlone on Friday: The S&P GSCI declined 12.98% in May reversing earlier in-the-year gains for a year-to-date (YTD) decline of 8.33%. May 2012 marked the worst monthly decline since the 13.19% loss in May 2010. Increasing global economic slowdown fears and growing supplies of many commodities took their toll on the commodities market in May, along with declining equities and the increasing value of the U.S. dollar as measured by the month-to-date (MTD) decline of 6.01% in the S&P 500 and 5.46% increase in the U.S. dollar index. Energy, previously the stalwart sector, was the biggest drag on S&P GSCI returns on the month, as measured by the MTD decline of 15.30% in the S&P GSCI Energy index. Though, we really like the way the Climateer Investing blog put it on Thursday: Are you quoting rocks per dollar or dollars per rock? Related links: The subpriming of commodities - FT Alphaville The power of the dark inventory - FT Alphaville The curious case of super-backwardation - FT Alphaville This entry was posted by Izabella Kaminska on Friday, June 1st, 2012 at 10:59 and is filed under Capital markets, Commodities. Tagged with commodities, supply.