03.10.2012 - Futures veterans see steady-higher commodities in 4Q; Favor grains, precious metals
The commodity complex is expected to be steady to higher in the fourth quarter, with precious metals and grains seen as the likely top performers, several veteran futures-market participants said. The outlook for crude oil is mixed, perhaps hinging on whether prices are driven solely by current supply/demand fundamentals or whether an unknown geopolitical crisis spurs buying. The third quarter ended up being strong for many commodities, with metals lifted by expansionary monetary policies in the U.S. and elsewhere. U.S. grains were underpinned by supply issues due to a drought...............................................Full Article: Source
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