Rarely, if ever, have grain markets been so buffeted by macro economic factors as over the past week. Turmoil in stock markets has spread to bonds and to all commodity exchanges with alarming rapidity, and just to add to the confusion, foreign exchange markets have been driven sharply up and down by the latest data or by rumours and gossip.
Oilseeds
The market has been caught up in the general bearish economic environment with the spark for the latest price move coming from Standard and Poor’s decision to downgrade US debt last Saturday. Since Monday, the World’s stock markets have had billions slashed off their value as investors have fled for the perceived security of gold and the Swiss Franc. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
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