World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments After digesting USDA's data for a night, there seemed to be a conclusion that yesterday's 40 cent run-up in November soybeans was a little too high and the 6 cent decline in December corn was not low enough, while the higher close in wheat was uncalled for and purely needs to be squashed. As a result, November soybeans closed down 14.5 cents to about $13.82 per bushel, December corn closed down 7.25 cents to $4.59 per bushel and the December wheat contracts, on each of the three exchanges, all closed down more than 9 cents. The interpretation of today's events is that next week's price activity will be critically important.The price action today did not damage the bullishness of the November soybean chart, but that cou...

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feed-grains soy-oilseeds wheat

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