Shouldnt all commodities follow oil down?

[malleefarmer]

Oil is the big kahuna of commodities why wont everything follow suit.

Cotton Charlie Errol someone will help me with my dumb question.....ah grasshopper no such thing as dumb question you yearn for knowledge....

[tweety]

Just because industrial development slows down, doesn't mean people stop eating.

[farmaholic]

Spec and fund money looking for somewhere to go?

[farmaholic]

...and if that is the case, what will happen when the "tide goes back out"?

[bucket]

....they eat more......

[ado089]

Tweety, if you think the price of food has anything to do with the price of grain you have much learning to do. Farmers are also very good article producing a surplus regardless of demand. Had an economic prof tell us that 15 years ago and I didn't believe him but sadly its proven true.

[ado089]

Oil is also playing catch up asthe last major commodity to drop. I would expect a couple of years commodity doldrums before we see any significant appreciation.

[tweety]

No ado, not much, but supply and demand do.

[cottonpicken]

On a broad stroke yes,say if oil was .50cents or conversley 50,000,then other things would be adjusted,this is maybe to obvious to state,but currency purchasing power is going to be very important in the future.

In todays world there are overlapping factors pulling everything in different directions and oil probably is the single most important commodity,so i would say it does have the power to pull things.

Its got alot not going for it right now,supply/demand,politics of saud/russia/na shale.

I bet at the latest g-20/asian meetings,one of the big topics would be,how the hell can we get gdp moving,we have tried everything,lets try cheap oil and maybe cheap food.

This has been tried countless times,never on this scale,it always ends horribly.

[cottonpicken]

Should note there is no real market anymore.