Tuesday, September 2, 2008

Corn, Soybeans Near Limit Down Overnight!

Both corn and soybeans are very close to limit down overnight, following the lead of crumbling crude oil prices and the strength of the US Dollar. It appears that more and more, these two commodities (corn and soybeans) have become surrogates for crude oil, following it in lockstep. It seems striking that these three commodities (crude oil, corn, soybeans) in particular appear to be closely linked to the US Dollar also. Gold is also significantly lower!