Tuesday, June 7, 2011
Good Day
Rice performed well yesterday in spite of a very week day in the grains. The dollar looks weaker, and that is good for commodities. Housing is terrible and the may jobs number really shows the economy is not growing and the growth we are told is there is fake do to the feds QE programs. So here is where you start to see just how important all this dollar stuff really is to our ag markets. I think the fed will continue to try to pump up the economy and that means weak dollar and higher commodity prices. The fundamental supply and demand is starting to give rice a reason to rally and the fed may also give it one with its weak dollar policy
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