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Soaring commodity prices at mercy of demand – from speculators

Posted on 15 March 2011

From Theglobeandmail.com: Japan’s devastating earthquake and tsunami barely caused a ripple in North American equity markets. In fact, stocks rose in anticipation of all the lucrative reconstruction activity that will follow in the wake of the cleanup. But the same could not be said for grain prices.
Wheat, corn, soybean and rice futures all plunged, as the bad news from Japan piled on top of a revised forecast from the U.S. Department of Agriculture calling for bigger harvests and higher global stockpiles than previously expected……………………………………….Full Article: Source


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