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Commodities and global weather impacts

Posted on 08 November 2012

The global economic concerns may play a greater role than any weather event for the immediate future, though we had a modest 5-7% pop in gasoline a week ago ahead of and during hurricane Sandy. Crude oil prices have again taken it on the chin and it will take confidence in the global economic picture and a cold winter to see prices back close to $1.00/barrel anytime soon.
South American weather will become more and more important to the soybean market, but I continue to maintain a longer term bearish aspect in soybeans. Since it appeared that the U.S. crop would be a bit better than the trade expected, prices have dropped more than $2/bushel………………………………………..Full Article: Source


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VRS - who has written 36130 posts on Opalesque Commodities Briefing.


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