Tuesday, August 5, 2008

Resolution: Battle of the Grains

The grains have all battled resolutely back from what was expected to be another round of selling today. This is remarkable, given the strength of the Dollar today. There is apparently some very firm buying interest beginning to hunt for bargains. This corn chart for today shows the push and shove that exemplifies the grain markets today. Soybean and wheat prices are even more firm today.