The deflationary selling binge in commodities has continued with a vengeance, with sagging crude oil prices leading the way.
Kansas City Wheat
Concerns About Slowing Remain in the Headlines
While we think the bear case for the global economy is already overstated, more long liquidation selling in crude oil is possible.
Market Spotlight: Kansas City Wheat
If it had not been for Wheat, human beings may never have socially and culturally developed as cosmopolitan as we have. Wheat was the first crop to be cultivated on a grand scale and stored long-term, enabling the start of city-based societies and the dawning of civilization.