Jim Cramer and Carley Garner Analyze the Commodity Markets
According to the charts, the grains, meats, and metals could lead commodities higher.
Jim Cramer invited experienced commodity broker and futures market analyst, Carley Garner, to share her thoughts on commodity indices such as the Goldman Sachs Commodity Index and the Dow Jones Commodity Index for the October 18th episode of Mad Money on CNBC.
Garner's findings suggests that although seasonal weakness in the commodity sector could temporarily slow down the pace of a commodity recovery, the complex should continue to grind higher. "It's not like many of these commodities can go much lower. I mean, the price of corn is actually flirting with going beneath its cost of production. That's pretty much the floor, any lower and farmers will stop planting the stuff," said Jim Cramer.
Carley also pointed out that natural gas is at a major crossroads, which likely won't end well for the bulls.