*Wheat falls for 7th day but holds $5 floor. *Soybeans near 3- month low as Latam crops, soyoil weigh. Soybeans eased for a third day to stay close to a three-month low on expectations for record South American crops and a plunge in soybean oil prices.» Read More
Chinese importers' defaults on soybean cargos may spur debt concerns, but such defaults aren't unusual and China's soybean business has been struggling.
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.
Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Legendary investor Jim Rogers says the bull market in commodities is "still in place" and has a "long way to go."