*Rain-hit Argentina harvest causes concerns over exports. At the Chicago Board of Trade as of 11:05 a.m. CDT July soybeans were down 4-1/ 2 cents at $10.81 per bushel after reaching $10.98, the highest spot price since September 2014. CBOT July wheat rose up 10-1/ 2 cents at $4.76-1/ 2 a bushel and July corn added up 2-1/ 2 cents at $4.07-1/ 4 a bushel. » Read More
Despite an unexpected deterioration in macro indicators in developed markets, Goldman Sachs believes commodity prices will hold up over the coming year.
When the Chinese came looking for more soybeans in Uruaçu, Brazil, last year, they inquired about buying land — lots of it. Now some in Brazil are beginning to see those purchases as a problem.
Experts in the corn, wheat and soy markets expect the sharp pullback in recent weeks to be little more than a temporary correction as heavy rain and strong demand cause prices to rebound.
Silver prices are rising on expectations of stronger demand and the metal's appeal as a relatively safe investment in times of uncertainty.
If you're looking for action, try grains, but even that may be iffy. It all depends on the weather.