According to Jim Roger’s RICI commodity index, the commodity bear market during 1999 bottomed on February 1999 at 860.
The world then had 6 billion people. We are now at 7.5 billion or 25% more than in 1999.
Assuming we have had a 25% increase in population or a cumulative population and wealth increase of 50% in 17 years since 1999, the potential bear market bottom would be somewhere around 1075 to 1290.
We are almost at the 2008 commodity lows, down -40% from the beginning of 2013.