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Scotiabank's top commodity picks for 2014

A Bolivian miner shows rocks containing tin, zinc and silver.

DAVID MERCADO/REUTERS

Globe editors have posted this research report with permission of Scotiabank. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:

Scotiabank's Commodity Price Index declined by a sharp -5.8 per cent month-over-month in November and is currently -10.4 per cent below a year earlier. While commodity prices lost ground in 2013 — partly due to disappointingly slow global growth (2.9 per cent in 2013, down from 3.2 per cent in 2012) — signs point to a bottoming in 2014 and a return of the 'Bull-Run' in the second half of the decade.

Zinc is a Top 'Pick' for early investors. Lumber should post another solid advance in 2014, with a 19 per cent year-over-year gain expected in Western Spruce-Pine-Fir 2x4 prices.

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