Recession, feed gloom, weather pile pressure on grain prices

摘要

Fresh economic jitters, dollar volatility, improving US crop weather and doubts over the strength of feed demand piled the pressure onto grain futures this week, culminating in new 8-week lows. The past month's fears of an early return to inflation now appear to have given way to a perception that recovery from recession will be a longer, slower affair, presenting fewer opportunities for funds and other speculators to exploit and exaggerate commodity price rallies.