Mounted a recovery despite continual strength in the US dollar.
Mounted a recovery despite continual strength in the US dollar.
Higher interest rates overnight on the year cause a surge in the dollar, with commodity selling almost universal.
It's Monday and the beginning of harvest in corn futures are sharply higher, somebody wants to own corn.
Wheat has a 2nd day of big gains, today China is the source of that buying.
A Reuters story on EPA mandates being lowered for grains fails to create lasting selling.
China buys soybeans on their own bad news which likely is not so bad after soybeans broke on Monday.
Commodities in the financial markets were all sharply lower today, on Chinese woes.
Grain futures find end of the week selling pressure after early week strength.
Grain futures have seen a substantial increase in price over the past 4 days.
The grain buyers are doing some heavy short covering, as end users are also stepping in and buying as the crop is getting smaller.