A new report from Dennis Gartman at The Gartman Letter discusses the reaction that commodity prices have had to the the latest developments in Greece and China.

While global equity markets have reacted positively to the most recent indications that Europe could be continuing its “kick the can down the road” approach with Greece, most commodity markets have also been strong in the past 48 hours.

Crops

The commodities world is watching for the details of Friday’s World Agricultural Supply/Demand Report. Gartman noted that, unlike previous years where water shortage was an issue, this year it has been a surplus of rain that has concerned many corn, soybean and cotton investors. Gartman is currently bullish on cotton.

Gold

Gartman explains…

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