Events on the global commodity markets are characterized by strong dynamics. In addition to the specific developments of individual commodities, the focus of interest is increasingly on cross-market trends and risks. To be able to identify and assess these developments, evaluation tools based on solid scientific foundations are required. The HWWI commodity price index can be effectively used for this purpose. The world market prices of the most important globally traded commodities from all sub-segments of commodity trading are recorded and condensed into a meaningful index using an objective weighting methodology. The weekly calculation based on the latest data ensures that the information is always up-to-date and generates high-frequency time series for differentiated trend and volatility analyses.