The storm in commodities markets - which sent oil down 10% in the last session, silver down 13%, gave the CRB index its fifth-worst day ever, etc – showed signs of lower wind speeds on Friday.
At least for now, with many investors appearing to wait for the next round of US jobs data, due later on Friday, for a cue as the direction.
And while some commodities did show heavy losses –
(Tokyo's Nikkei share index fell 1.5%, having dipped 2% earlier on.)
One factor which turned in investors' favour was the
Still, only a few agricultural commodity futures managed to ride this tailwind to actually post early gains.
For most crops, it was more a matter of a slowdown in the pace of declines, at least for now, to, for the most part, percentages at or below 1%.
After all, the rationale for the sell-off was still there.
"After driving prices higher for much of 2011, investors now fear that high prices will lower the demand for commodities," Ker Chung Yang at Phillip Futures said.
China, India, Vietnam, Philippines and Malaysia, among others, have raised interest rates to fight inflation, on which commodity prices are a big factor.
"We are concerned that the monetary tightening from various Asian countries could curb the demand on commodities in the short term," Mr Ker said.
And bullish technical patterns have been ruined too.
"The charts continue to look negative with the recent price action suggesting more downside potential until this wave of long liquidation is completed," Dave Lehl at Benson Quinn Commodities said.
One knock-on effect on commodity markets of selling is to beget more selling in, for example, taking prices below key technical pointers, such as moving averages, which investors use as gauges of future movements.
The contract is also facing a tussle to retain the psychologically important $7-a-bushel market, which it was winning in early deals, down 1.0% at $7.01 ½ a bushel.
(The December lot was down further, 1.4% at $6.46 ¾ a bushel, but still holding above its 100-day moving average, at just below $6 a bushel, and 50-day at $6.26 ½ a bushel.)
The $7-a-bushel market is key for the expiring May contract too, with the lot already setting a record for a near-term contract by closing over this level for five successive weeks. Can it make it six?
"A close over $7.00 for the week is vital," Mr Mawdsley said. The contract was at $7.01 ¾ a bushel, down 0.5%.
Among fundamentals, the Wheat Quality Council overnight revealed an estimate of 37.4 bushels per acre for Kansas
High expectations for abandonment, however, depressed the production estimate in America's biggest wheat state to 256.7m bushels, the smallest since 1996, and below analysts' forecasts.
Chicago wheat did better than corn, but only just, falling 0.8% to $7.47 ¾ a bushel for July delivery.
While weather outlooks remain worrying, including in France, where Agritel noted that "irreversible damage is observed in several regions, especially on shallow soils", that speculation of an imminent return by Russia to exports, or at least of a bumper crop this year, refuse to go away.