Corn & Soybeans Lower Before Export Sales & Shipments Report

Posted on August 23, 2012


December Corn and November soybeans are all down this morning in early trading in front of this weeks export sales and shipments report. Bucking that trend December wheat is slightly higher. A few other hotlinks.

Beef Herd Tumbles to 40-Year Low on Feed Cost Surge: Commodities – The worst U.S. drought in a half century and record feed prices are spurring farmers to shrink cattle herds to the smallest in two generations, driving beef prices higher…Read More

Iran Curbs Drive Rice Exporter to Africa: Corporate India – KRBL Ltd. (KRB), India’s biggest basmati rice exporter, plans to seek new markets in Africa to counter international sanctions against Iran and revive profit amid sliding grain prices…Read more

Early trading prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.3225 -0.0250
Dec 2012 Wheat $9.1875 +0.0150
Nov 2012 Soybeans $17.2525 +0.0275
Sept 2012 Soybean Oil (Metric Ton) $55.9900 -0.1800
Sept 2012 Soybean Meal (Metric Ton) $533.7000 -2.0000

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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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