The important question is why such a large drop now and across so many commodities, even food. I don't think decreased China demand has had a great enough reduction to account for all of it. The developing world is certainly in need of most of these commodities. So it would take additional factors such as a lack of funds to meet these needs and a lack of loan to explain this across the board action. Or so it seems to me. I get the unfortunate analogy playing in my head that I am on the shore watching the tide go out - much much to far out to portend anything good is coming next.