Tuesday, April 29, 2008

Sinking Soybeans, Grains

What began as a good trading session with solid moves and good profits has now become a day of sagging prices and somewhat more erratic price structures. The emerging sentiment in the financial markets is that the Fed is close to ending its rate easing cycle, and that the US Dollar may consequently firm up, or even rebound. This is driving traders to sell commodities across the board, including gold and crude oil as well.

We'll keep plugging away...