Financial turmoil sends prices near the bottom

Financial turmoil sends prices near the bottom

Financial turmoil has helped depress commodity prices across the board. The Dow Jones-AIG index of 19 commodity prices fell a record-setting 21.3 percent in the month of October, hitting a five-year low by the end of the month. But a number of factors is hinting of a market bottom. Last week, the U.S. Department of Agriculture issued an unexpected, mid-month reduction of grain acreage that was bullish for prices. Also, the Federal Reserve’s interest rate reductions will likely take some of th

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