Nearly every market — domestic and foreign, farm and financial, short term and long term — took a nosedive Tuesday, right after our nation’s birthday celebration. Investors, already reeling from the worst stock market decline in 50 years, harbored little hope of recovery. The weekly U.S. Drought Monitor reminded investors that water is in extreme jeopardy, so commodity prices made the U-turn to the upside. The U.S. exports crude and refined petroleum products. Walt Breitinger is a commodity futures broker in Valparaiso, Ind.

Source: thestar July 10, 2022 12:27 UTC