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Editor’s .PIC: Key commodities are turning down

Posted May 4, 2008

Baltimore — (TFN): Turn on the television or radio, and you could think that the United States is about to embark on a collective dandelion-leaf-and-sawdust diet. But a look at the price charts for key commodities indicates that spot prices for wheat and corn are either leveling out or dropping.

The Prices of Key Commodities in percentage change over 52 weeks

Bloomberg Key Commodities

Red: Wheat Spot

Blue: Oil

Yellow: Corn Spot

Orange: Gold Spot

Source: Bloomberg.com

Related TFN Articles: “Dollar Reversal”, “Gold’s Uptrend ended March 17″, Video: “Bearish on America”

Before you head out to fill the guest bathtub with wheat at this point, make sure you understand the short-term dynamics of the commodities markets.

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Posted by J. Christoph Amberger · Filed Under Editor's Pic 

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