You couldn't get a larger all round, one night, grains and soft commodity tanks. All mostly limit down ...
The fight against inflation has begun with a line drawn in the sand with rising interest rate policy in China. Pegged to the US dollar it has no other option but to raise interest rates (and to remove the peg on the USD). That is going to be inflationary for consuming countries like Australia because everything in Bunnings will cost more.
The US is going to have no choice but to raise interest rates too ... cheap money going to become the most scarce commodity of all in the world.
