Your two premises don’t necessarily relate to each other. I believe both: - journalists attribute price changes to whatever story they can find. Sort of like h

Your two premises don’t necessarily relate to each other. I believe both: - journalists attribute price changes to whatever story they can find. Sort of like how every day there’s a story of why the Dow moved by a fraction of a percent. - price moves are almost entirely supply and demand. Sure, speculation can change price in the near term, but considering the size of these commodity markets, you’d have to believe an absolutely enormous amount of capital is at play in speculation.