Sunday, May 01, 2016
Dollar Fueling Fund Buying in Grains | ProFarmer: The U.S. dollar dropped to its lowest level since August and is sitting just above key support. That fueled a fresh wave of speculative investment in commodities and pushed front-month crude oil futures to their highest level since November. The speculative buying also influenced corn, soybeans and wheat as those markets rebounded from the disappointing finish the previous week and posted weekly gains. While traders would typically be focused mostly on weather and planting progress at this time of year, outside markets remain a key component for the grain and soy markets.