Afternoon Commodities Report from Allendale for December 19, 2011

Posted on December 19, 2011


The wheat, corn and soybeans all closed higher today despite dollar strength. Obviously the weather forecast for South America played a large role in the trade today. Trading volume today was very low so this played notable role in trading as well. Here is a direct link to the South American Weather Update, which I posted earlier this afternoon.

Contract Commodity Last Change
Jan 2012 Soybeans $11.3700 0.0700
March 2012 Corn $6.0100 0.1800
March 2012 Wheat $5.9975 0.1600