Platinum exploded upward making it one to watch for a buy signal, though it hasn’t yet entered one. See the price action for other commodities here.
The monthly crop production along with the supply/demand report are coming out tomorrow morning. Sharply higher closes for rough rice, soybeans and bean oil while higher for corn and soymeal.Crude oil, heating oil, and RBOB are posting contract highs.
Copper and rice are both up. Copper rose sharply after a huge rally took it off recent lows.
The United States, Britain, and Australia are starting to see their currencies strengthen. Coffee began rising up from its low point, and Orange Juice is finally on the rise.
The dollar index has made significant gains since the Fed’s rate cute decision. Find out how the commodities are doing.
Hogs and Cattle have started moving upward after posting sharply lower prices over the last week. Find out more.
Congress considers lowering the ethanol additive goal as studies show link between ethanol production and the global food shortage. Corn prices are still high, though slightly lower, and pork and beef are feeling the effects.
As corn prices go up, feeders and and pork bellies respond with a sell-off. Cocoa is hitting new highs, and coffee is up as well.
Crude oil prices begin to fall as the dollar picks up strength, and rice makes a sharp price drop after previous recent highs.
Rice prices rise sharply over concerns of a shortage, and Metals continue on a bearish trend. See how the other sectors are performing.