Grains Make Small Gains Even As Dollar Index Rallys
Dec 12, 2011
We saw grains trade mixed today with corn and soybeans making up ground late in the day. The screen capture below is taken from the Firetip platform and you can see that the Dollar Index is once again testing recent highs. This should provide some overhead resistance, but the deteriorating situation in Europe will certainly outweigh any technical resistance if this situations continues without resolution. Today's trade lacked conviction either way, but I'm sure the bulls are happy to see grains make small gains even as the Dollar Index picked up steam.
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