Afternoon Commodities Report from Allendale for August 15, 2012

Posted on August 15, 2012

Today’s mini rally in crops and fertilizer stocks was punctuated by extended television coverage on CNBC as well as Barclay’s announcing that it was initiating coverage on Mosaic, Potash Corp, Intrepid Potash, CVR Partners,  CF Industries, & Agrium with price targets of $68, $49, $25, $25, $250 & $111, respectively.

All that’s left at this point is for corn and agriculture hit the cover of Time magazine.

Closing Prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.0350 +0.1450
Dec 2012 Wheat $8.6450 +0.0625
Nov 2012 Soybeans $16.3450 +0.3650
Aug 2012 Soybean Oil (Metric Ton) $53.0600 +0.2700
Aug 2012 Soybean Meal (Metric Ton) $520.1000 +13.5000

Afternoon Commodities Report from Allendale

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