Morning Commodities Report from Allendale for August 23, 2012

Posted on August 23, 2012

New export sales for corn were 108,400 MT  for delivery during the 2011/2012 marketing year and 217,000 MT for delivery in the 2012/2013 marketing year.

Early trading prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.3025 -0.0425
Dec 2012 Wheat $9.2000 +0.0300
Nov 2012 Soybeans $17.2875 +0.0050
Sept 2012 Soybean Oil (Metric Ton) $56.0800 -0.0900
Sept 2012 Soybean Meal (Metric Ton) $535.5000 -0.8000

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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.