Corn, Wheat & Soybeans All Higher in Early Trading

Posted on December 13, 2011

The Euro/USD is trading slightly higher this morning at €1.3191. Commodities are following suit. It looks like buyers are coming in at oversold levels. As I tweeted yesterday, over bought & oversold conditions can persist indefinitely. Like it or not, Europe and the euro are impacting markets. Fundamental supply and demand issues do have an impact but they are secondary.

Contract Commodity Last Change
Jan 2012 Soybeans $11.1350 +0.0150
March 2012 Corn $5.9625 +0.0225
March 2012 Wheat $5.9325 +0.0325

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