Chicago grains tumble on concerns of economic slowdown – flat bottom bags for sale

CHICAGO, March 7 (Xinhua) — Chicago grains tumbled on Monday, as investors worried that the surging oil prices would affect economic recovery and thus, dampen global grain demands.

The most active corn contract for May delivery closed at 7.1075 U.S. dollars per bushel, down 10.5 U.S. cents, or 1.5 percent. May wheat shed 31.5 cent, or 3.8 percent, to 8.0075 dollars per bushel. May soybean lost 19 cents, or 1.3 percent, to 13.95 dollars per bushel.el.

Market analysts said that investors feared that continued hikes in energy price could eventually slow down the world economy, and thus, increase selling in agricultural markets.

Analysts added that fund traders were major sellers who are exiting agriculture markets and shifting their money toward energy and metal markets.

Crude oil Monday rose to a 29-month high of 105.44 dollars in New York on concern that turmoil will spread to more Middle East producers.

The wheat market suffered the sharpest drop in the day, as a negative tone for the economy, less concerns with the China wheat crop and an improved weather outlook for the U.S. crop helped to drive the market lower.

Traders noted that talks of increased chances of rain for the central plains of U.S. this week and some chances of a little rain in the western plains helped to pressure the market in early session, and weakness across other agricultural markets further weigh on the market amid heavy selling.

Meanwhile, the soybeans market was pressured by better-than- expected rain coverage in Argentina, a record harvest in Brazil as well as the news that that the Argentina port strike has ended.Chicago grains tumble on concerns of economic slowdown – flat bottom bags for saleChicago grains tumble on concerns of economic slowdown – flat bottom bags for saleChicago grains tumble on concerns of economic slowdown – flat bottom bags for saleChicago grains tumble on concerns of economic slowdown – flat bottom bags for saleChicago grains tumble on concerns of economic slowdown – flat bottom bags for sale

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Easy Forex Signals Intraday Forex Trader Report

Attention continues to be gripped on Japan and the Middle East, especially Bahrain, this afternoon as the circumstances in both nations brings nervousness to an already volatile global setting. The nuclear disaster in Fukushima has reconditioned anxieties of stalled economic recovery while the continuing violence in Manama induced further flight to quality. Nevertheless, stocks regained ground, a move that did not transfer signals to the fx trading market.

A massive downside miss in U.S. Housing Starts and major upside miss in PPI signals a stagflation environment which doesn’t bode well for the USD over a mid-term.

USD/JPY as well as the whole JPY complex plunged in the twilight hours between the New York close and the Sydney-Tokyo open on renewed anxieties regarding Japan and expectations of large Japanese repatriation to finance costs connected with the earthquake. Later this morning, nearer to the London open, the USD and JPY pared back a lot of the gains as the risk-aversion of the previous three days is abating.

EUR/USD Forex signals opinions for Metatrader: A pull back to the mid 20-day Bolli band at 1.3838 is possible. The sellers are urged by the solitary currency’s disappointment at the 1.4000-level. MACD is neutral today. RSI points to the south, agreeing with the generally somewhat bearish disposition here.

GBP/USD Currency signals for MT4: The general picture has rolled over to a neutral one. MACD is in a decisive negative cross, RSI has also rotated lower. Nevertheless, the bottom 20-day Bolli bad at 1.6026 is indicating to be a strong support for the sterling. The 20-day moving average at 1.6183 is performing like a magnet. The 20-day mid Bolli band is a crucial point.

USD/JPY Metatrader Forex Brokers Alerts Evaluation: MACD is moving on on its bearish cross today, presenting an undesirable look to the couple. RSI is negative, just above the oversold level of 30. Most likely tight ranges should control here with the bottom 20-day Bolli band at 80.87 underpinning the action on the downside, while the 20-day MA at 82.26 is very likely to restrict development higher. The reality that the bottom Bolli band was penetrated yesterday and today, adjusts emphasis to further downside.