Commodity Explosion

WheatCrude OilSoybeans
Apparently, investors are betting on inflation. This is significant today because stocks are not advancing, but investors are still betting heavily on renewed inflation. Crude oil has reached $53.65/barrel, and soybeans has reached $10.81/bushel. Both have broken out above previous highs, reaching new record highs for the year. This despite that crude oil inventories in the United States continue to build.

Arlan Suderman says that the "first of the month brought fresh fund buying". He also said yesterday that there were liquidations to lock in profits on the last day of the month. Prices rebounded strongly, however, with fresh buying yesterday also. This is notable for me to take advantage of the volatility on the last day of each month and the first day of the following month as well. Suderman also said, "Soybeans at 7-month highs on supply concerns; Money is flowing again."