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Ag Markets Taken Aback by Terrorist ThreatCHICAGO - Aug 10/06 - SNS -- International agricultural commodity markets were relatively busy overnight, with buyers in South Korea and Japan confirming wheat purchases. However, that news was over shadowed by events in London, England. Revelations a terrorist threat to blow up planes flying between the United Kingdom and United States was thwarted is expected to have a minor impact on economic activity and energy consumption, based on the thought some people will be too fearful to travel. For agricultural markets, the incident became another weapon in the arsenal of market bears, who still appear in control of the near term fate of major agricultural commodity values. Ideas are that if any demand factors weaken, there is very little to stand in the way of more speculative selling. Subscribers can read the full text of the article by Clicking here
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