Commodity and Market Cap Weighting

CFA Level III
#1

Why commodity cannot have market cap weighting?

#2

Do you mean a commodity index?

#3

Yes. Specifically commodity index

#4

What, exactly, underlies that index?

Is it, for example, actual commodities, or commodities futures?

#5

Commodities Index are based on futures .

#6

And what’s the net cap on futures?

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