Daily Commodity Roundup: Corn Climbs On Weather, Copper Tumbles On Weak Manufacturing

August opened up with a bang to say the least, as today went down as one of the most peculiar trading days in recent memory. It was one of a just of a handful of times that the Dow Jones Industrial Average opened up over 1% only to give up those gains and fall down to -1% within the next hour. After a tumultuous day, the index finished just about flat, leaving traders frustrated as they were taken for quite the ride on a day when most expected stocks to rally. These rally hopes came after the Obama Administration announced their most recent debt deal to Congress with the possibility of the measure being voted on as early as tonight. While some are still pledging to not let the proposed legislation through, they may be forced to swallow their pride in an effort to keep our economy afloat.

Posted in Copper, Corn, Daily Commodity Roundup, Exclusive | Tagged , | Leave a comment
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