One feature in the marketplace recently has been the slumping greenback and the resurgence of the so-called “commodity currencies” like the Canadian and Australian dollars. It could be that many of the big speculative “fund” traders are moving into commodities (including the grains) and commodity currencies, reckoning many commodity markets are now longer-term value-buying opportunities and that inflation will flare up in the coming months. Economics 101 classes teach that pumping large sums of money into financial systems creates price inflation. See on the chart for July soybeans that prices have seen a bullish upside “breakout” from the recent trading range and that a gentle price uptrend is in place. The soybean market technicals look the most bullish they have looked in months.–Stay tuned! Jim