Tuesday, June 14, 2011

Wednesday Commodity Round-Up

Today, I simply wanted to highlight the grain sector. Recently, the USDA lowered its crop estimate for corn. In addition, weather patterns are still playing havoc with yields etc.. As such, there is little reason to expect big drops in prices going forward. However, with the fear of the projected slowdown in place, there is also downward pressure on prices. As such, we see a prices moving horizontally right now, especially with wheat and soy beans.