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Barchart
Barchart
Darin Newsom

Was the Commodity Complex F.O.I.L.-ed Again Overnight Through Early Friday Morning?

United States Inflation
  • Early Friday morning finds the commodity complex with a similar look to what we saw Thursday morning when Fear Of Inflation Long-term (F.O.I.L.) pulled markets higher.
  • Gold and silver were showing gains pre-dawn, not surprising ahead of another uncertain weekend.
  • The recent strength of distillates (heating oil, diesel fuel, etc.) has helped spark a strong rally in soybean oil which in turn has brought steady fund buying to soybeans. 
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