Hopperbin . . . I've been to this bull fight many times in my career.
Call it a red flag or call it a yellow cautionary flag, these markets will adjust to the new economic reality and it will happen at the most unexpected time.
The break in the CRB is a huge warning IMO to commodity markets. Also, did you take a look at the Chicago oat market over the past two days. If oats are the grain market 'canary in the coal mine', this bird ain't flying out anytime soon. I'm personally bullish the cash oat market, but this sell-off is disturbing.
There are toxic economic fumes floating around commodity markets right now. And if you believe canola is the 'chosen one' and outside the realm of the global financial wreck, maybe your right, but maybe you are wrong.
Errol
Call it a red flag or call it a yellow cautionary flag, these markets will adjust to the new economic reality and it will happen at the most unexpected time.
The break in the CRB is a huge warning IMO to commodity markets. Also, did you take a look at the Chicago oat market over the past two days. If oats are the grain market 'canary in the coal mine', this bird ain't flying out anytime soon. I'm personally bullish the cash oat market, but this sell-off is disturbing.
There are toxic economic fumes floating around commodity markets right now. And if you believe canola is the 'chosen one' and outside the realm of the global financial wreck, maybe your right, but maybe you are wrong.
Errol
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