Afternoon Commodities Report from Allendale for August 22, 2012

Posted on August 22, 2012


After trading up to $8.38 around NOON, corn sold off, hitting $8.30 less than one hour later. After the Fed minutes were published prices recovered to close at $8.35.

Closing Prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.35 -0.0375
Dec 2012 Wheat $9.1775 -0.0425
Nov 2012 Soybeans $17.4925 -0.0425
Aug 2012 Soybean Oil (Metric Ton) $56.1500 +0.5800
Aug 2012 Soybean Meal (Metric Ton) $536.2000 -7.4000

Afternoon Commodities Report from Allendale

 

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Disclosures:

The Author of this post has a bear credit spread in Corn. Neither the author of this article or any family members own any futures contracts or options on futures in any of the other commodities mentioned in this article. For a complete disclosure of the policy on ownership of stocks/commodities written about or recommended, please see about page.

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