
Corn, Soybeans, Oats, and Canola all finished limit down. The fundamental need for grains did not change with the events in Japan, but the desire to speculate in commodities may have.
Whether this is the start of a lasting trend change remains to be seen, but arguably most commodities are in a bubble.
Please see Anatomy of Bubbles; Negative Returns for a Decade Revisited; Is Gold in a Bubble? for a discussion.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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