Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: dougjn who wrote (7298)	8/29/1998 4:42:00 PM
From: Trebor	Read Replies (1) of 42834

>Canada is our largest trading partner. Their currency is down almost 10% in response to the depression in commodity prices, and the lack of Asian demand. Canada is, of course, a major commodity producer.< So is the U.S. and meanwhile, back at the ranch, here's what's happening to commodity prices here: "Corn futures prices at the Chicago Board of Trade fell under $2 a bushel for the first time in 10 years Wednesday. A "basket" of 17 commodity prices fell to a 12-year low. How low will prices go? "As hard as commodity prices have fallen, they could fall a lot further,'' Ian Morris, International economist at HSBC, told Reuters. Don't mean to stir up the farm-vs.-city debate again, but commodity prices are important and deserve to be monitored. BB hardly if ever mentions them but they remain a bedrock indicator of the health of our economy, especially as it relates to international trade.

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