The entire grain complex has seen higher prices today, largely supported by high probability of further Fed rate cuts. Gold has exploded higher by more than $17/oz from the London close yesterday. (see chart) Wow!
While I personally don't care which direction the futures go, since I can trade in both directions without preference, I often wonder why our government continues to devalue our currency by creating more and more fiat money to prop up the financial markets and investment banks artificially.
