Thursday, January 22, 2009

Grains Stagger At Open on Demand and Stock Market Concerns

The weakness in stocks today has rippled through to the grain markets, causing grains across the board to sell off upon open. Over the past week, grains have shown signs of consolidation. Over the past few months, commodity prices have shown considerable and unusual correlation with stocks, with weakness in each reflecting demand concerns for products and the commodities that compose them.