About
- Eric Lohry is the President of Nutra-Flo Protein and Biotech Products and Nutraferma.
Recent Entries
- Cows Suing Farmers? Who would have thought that one up?
- Third Consecutive Record Year for US Soy Exports
- Washington Post reports from the WPX
- World Pork Expo Opens amid low pork prices and high grain prices
- "Call it H1N1 influenza A"
- World Body Condemns Pig Culls
- PepSoyGen is Now Available in Canada!
- Commodities Rise as Dollar Weakens
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There has been little doubt that the weak US dollar contributed to some spectacular peaks in commodity prices. Last summer's historic highs for soy and corn stunned most of us. Although the flooding played a part, the gains were buoyed by the declining dollar.
Fast forward to December of 2008 and we saw sanity return as panicked investors turned to the greenback for safety.
As the economic crisis continues, and the world has had a chance to move from panic mode to more thoughtful investing, worry about the strength of the US dollar again weighs on the markets. Fed Chief Ben Bernanke, in a historic move, pledged to purchase a trillion dollars of treasury debt sending the dollar downward.
Today, commodities we watch closely, corn and soy, are showing remarkable strength despite no other fundamental reason other than the dollar.
Corn Futures, April Contract
Comments (0)
Eric J Lohry March 26th, 2009 02:55:48 PM
