Yesterday it was CBOT wheat that moved back toward negative momentum while today, Paris Milling Wheat could follow. Which leaves the question open whether the Jan. 2013 contract -- up nearly 40% year-to-date, compared with "just" 17.5% on Mar. 13 CBOT Wheat -- is about to experience a deeper corretion as year end approaches and profits are being booked. It's one to watch in the coming days.
Gold continues to struggle, while silver is not far behind, although it still holds onto positive momentum and should continue to do so in the coming days. Brent crude upside momentum is slowing after 15 days but for now it seems to be locked in a relative tight range between 108 and 112.