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Agtrader, how about this for your dollar thesis.
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djmcountryboy
Posted 5/22/2010 03:28 (#1209452)
Subject: Agtrader, how about this for your dollar thesis.


Mascoutah, Illinois
Agtrader, you mentioned commodities being 86'ed if the dollar reached 86. I am going to give you a chance to rethink your hypothesis. The dollar did see 86 this week and we didn't crash in grains. As I replied to you, the dollar will not trade above the credit crisis highs back in March of 2009. I can almost guarantee you the Chinese are going to revalue the Yuan because of the European crisis which means the dollar is headed lower. You may get a sniff at $8.50 beans which I highly doubt, but eventually I am going to get double digits in soybeans within the next 60 days and crude will be north of $77.00

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