Markets sold off today in the same strange way they had melted up on a couple of occasions over the last month or so. Even more confusing to me was how without reading the minutes themselves yesterday the market simply reacted to what media said was in the minutes. They did not read them either. I wrote a short summary of the minutes after reading them last night.
Closing Prices (per bushel unless otherwise stated)
|Sep 2012||Soybean Oil (Metric Ton)||$56.1400||-0.0300|
|Sep 2012||Soybean Meal (Metric Ton)||$527.6000||-8.1000|
Afternoon Commodities Report from Allendale
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