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Crops power commods higher despite weaker oil

Posted on 15 December 2009

From Forbes: Sugar hit record highs Monday and other crops such as soybeans, wheat and corn surged too on demand expectations that helped commodities see their strongest session in three days, despite weaker oil prices.
The Reuters-Jefferies CRB index , a basket of 19 commodities, settled up one percent for its strongest finish since Dec 8. The index hit two-month lows last week after a run-up in the dollar sparked a selloff in oil, which accounts for nearly a quarter of the CRB’s weighting……………………………….Full Article: Source


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