Coffee, Soybeans: Two Lessons With a Message
Once again, I sit down to talk with Jeffrey Kennedy, Elliott Wave International’s Senior Commodity Analyst and editor of our Futures Junctures Service. – Jeffrey, the ongoing credit contraction – a.k.a. liquidity crisis – has not spared commodities. Just glancing at the long-term charts you show in the Wave Watch section of your October Monthly Futures Junctures, I see that prices of markets like coffee, corn, wheat or soybeans that were flying high just months ago, are down hard – and I mean, hard! — Jeffrey Kennedy: Yes, while some commodities have suffered less, corn prices, for example, got cut in half since June…
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