| Definitions for Price Index 
 | --------------------------- 
 | 
 | 1) PRICE INDEX.   Price Index for the Future Commodity Price. 
 | 
 |      Over a given period (of weeks) the Price Index (NDX) is calculated 
 |      by assigning an index value of 100 to the  MAXIMUM PRICE position 
 |      and assigning an index value of zero to the MINIMUM PRICE position. 
 |      Pro-rata index values are assigned to IN-BETWEEN PRICE positions. 
 | 
 |      The Price Index scale is 0-100 and uses the scale on the 
 |      left hand side of the graph 
 | 
 |      The price index provides an ability to see the correlation 
 |      between Price and Net Contract Index 
 | 
 | ------------------------------------------------------------------------ 
 | 
 | 2) SPAN (Weeks). 
 |      The number of weeks over which the Price Index is calculated. 
 | 
 | 
 | ________________________________________________________________________ 
 | 
 | 
 | 3) WEEKS       Weeks from last January 01 
 |    FR LAST     This provides a convenient way to express dates on the 
 |    JAN 01      graphical representation (if provided for the specific 
 |                commodity).  JAN 01 of the current year is zero. 
 |                             JAN 28 is 4 weeks later and is 4 
 |                             DEC 01 of the previos year is 
 |                                 4 weeks earlier and is -4 
 |                          etc. 
 | 
 |                The relationship between this date format and the dd/mm/yy 
 |                format is shown in the previous report. 
 | ------------------------------------------------------------------------ 
 | 
 |          Use the Browser BACK Command to return to the Graph 
 | ________________________________________________________________________ 
 | 
 | 
 

Click to Return to Commodity List