SINGAPORE, April 21, 2020 /PRNewswire/ -- Following a meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce that the RICI Index WTI contract and RICI Energy sub-index WTI contract will roll on April 22, 2020 entirely from the current June contract (M) to the September (U) contract. The decision to implement this extraordinary roll is taken in light of recent WTI price volatility in an effort to help reduce or avoid unintended effects of very small or negative WTI contract pricing on RICI Index and RICI Energy sub-index calculation. No rebalancing will occur for this extraordinary WTI contract roll. Other than as stated above, this extraordinary WTI contract roll will execute as RICI Handbook methodology provides for an ordinary roll. In advance of the next ordinary RICI Index and RICI Energy sub-index roll period, which commences on April 29, 2020, Beeland Interests will evaluate and announce whether and to what month the WTI September (U) contract will roll during such roll period.
The RICI represents the value of a compendium (or "basket") of globally traded commodities employed in the global economy (38 commodity futures contracts), 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.
A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link: http://www.beelandinterests.com/RICI%20Handbook.html
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, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets.
"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 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.
SOURCE Beeland Interests, Inc.