20 December 2010

Grains : Bullish (=USD Bearish?)

  • Long term grain charts (corn, soybean, wheat) all beginning to look positive again after brief scare last month.
  • Notice also broadly negative correlation between grain prices and USD.
  • Yet another one of many signals (other charts eg S&P up, US10YY down) pointing to resumption of Risk On environment.

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