MIAMI, Jan. 15 /PRNewswire/ -- Jim Rogers and Beeland Interests, Inc. announced today the following adjustments to the Rogers International Commodity Index® (RICI®).
The RICI Committee decided to reduce the weight of Soybean Oil to 2.00% from 2.17%, ICE CA Canola to 0.75% from 0.77%, and Orange Juice to 0.60% from 0.66%. The RICI Committee also decided to add European Rapeseed at the weight of 0.25% and to allocate Wheat 6% to CBOT and 1% to KCBT (formerly 7% CBOT). These adjustments will be implemented during the January 2010 roll period and re-evaluated by the RICI Committee at its next annual meeting in December 2010.
The RICI customarily represents the value of a compendium (or "basket") of globally traded commodities (36 upon effecting these adjustments) employed in the global economy, ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world. The RICI has increased by over 225% since inception.
Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China and A Gift to My Children.
"Jim Rogers," "James Beeland Rogers, Jr.," and "Rogers" are trademarks and service marks of, and "Rogers International Commodity Index" and "RICI" are registered trademarks and service marks of, Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.
ICE Futures through its affiliate ICE Data LLP provides the pricing data for the ICE components of the RICI® and such data is used subject to license by ICE Futures and ICE Data LLP; but for such license Beeland Interests would not have the right to use such pricing data in providing the Index Values through its Official Global Calculation Agent, CQG, Inc. The ICE pricing data is provided "as is" and without representation or warranty.
SOURCE Beeland Interests, Inc.