13.03.2013 - The CRB Index hints commodities to improve
The CRB Index, an excellent gauge of commodity prices per se, ended a few ticks in the red, nearly unchanged. There was some weakness with the pork complex, feeder cattle and a few soft or tropical markets but otherwise, the session was subdued with the Index appearing dead in the water. But keep in mind that Thursday and Friday of last week, the Index posted impressive, ‘back to back' gains making yesterday, a day of rest. Despite the CRB doing little, there were several interesting developments yesterday that I found compelling. For starters, there was front month March oat futures that that hit a high of $4.283/4 a bushel and settled at $4.23, up 183/4 cents. From the low last Thursday of $3.90 to yesterdays high the market has rallied nearly 10%, visiting a level not seen since June, 2011...............................................Full Article: Source