[UPDATED] Morning Commodities Report from Allendale for August 21, 2012

Posted on August 21, 2012

Corn is up again this morning, trading at $8.3500. However, while Dec corn hovers near all-time highs MACD shows net distribution since late July on a 6 month daily chart. Be careful up here.

Source: Trader Workstation

Early trading prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.3500 +0.1125
Dec 2012 Wheat $9.1425 +0.1175
Nov 2012 Soybeans $17.2425 +0.4150
Sept 2012 Soybean Oil (Metric Ton) $54.6900 +0.8000
Sept 2012 Soybean Meal (Metric Ton) $545.6000 +13.0000

AM Commodities Report

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