CRB Index Breaks

[errolanderson]

Group . . . just to alert you that the
CRB Index is starting to break lower.
This index is the Dow Jones of commodity
markets.

Several commodities now taking heavy
hits including cotton, copper, crude
oil, gasoline, oats, etc.

Post Memorial Day market action is
typically been unstable. Rumour of joint
central bank monetary easing . . . but
kinda a decision that is between a rock
'n a hard spot.

Errol

[mcfarms]

You know in olden days we would have to kill you because you bring so much bad news.

[silverback]

So today's action is not to be taken seriously? Brief spike?

[crusher]

errol,

Are you also "agtrader" at agtalk? Everytime you preach the doom and gloom we get a nice pop in the grains. Keep up the good work!! Kinda like me selling a load to trigger the market higher. Everybody's got to do their part.

[BreadWinner]

Better not quit your day job Errol, oops I forgot that is your day job.

[Digger]

Apu Naasapeemapetilon & Don Cherry

[errolanderson]

silverback . . . Canola and wheat are
still well supported on production
uncertainty, but IMO the spring highs
are in on these markets. Canola will
likely hang around these levels
especially with our dollar breaking
down. It's the day when soybeans break
hard that will take canola down a notch.
See Nov support at $540/MT. Don't have a
clue when that may be tested.

The CRB dropping just means that any
commodity rallying is ultimately
swimming upstream to the overall tone of
commodity markets.

Guys . . . just thought this was a
worthy factor to be aware of.

Errol

[freewheat]

My wife is always of interest to me.

I always thought coffee with Preston
Manning would be awesome.

[wd9]

Errol, you mean it isn't whether or not
SF3 gets all his and a few of his neighbors crops seeded that determine the
price of canola????? What????

Sell Selll Sellllllll. Oh wait, ADM canola
is up $11 a tonne. Wait. No sell. No wait.

[cottonpicken]

Don't worry Errol,watching capital flow trends is not
lost on all,i hate the action in the us 10 year treasury,i
hate the 500 level in the crb,i hate golds level and i
hate the usdx.

Trillions of dollars sloshing around in the different
asset classes does affect us.

And god forbid the crb gets brought up on a
commodity marketing site,lol.