Oilseeds: Economic fears send commodity prices spiraling downward

摘要

When fear grips a market, fundamentals get pushed aside. And the global financial crisis that intensified in October raised fear in most markets to levels not seen in decades. As multinational banks failed, credit flows slowed to a trickle and centralbankers around the globe took unprecedented emergency corrective measures, fear turned to panic. Investment goals centered on capital preservation, regardless of rate of return. But even as the central banks' actions appeared to alleviate some of the panic, markets have continued under pressure by the increasing possibility of a global recession. That prospect has weighed heavily on commodities, and oilseeds prices have taken a huge hit in this period.