Morning Commodities Report from Allendale for August 24, 2012

Posted on August 24, 2012


Commodities still rebounding off yesterdays lows.

Early trading prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.1775 +0.0300
Dec 2012 Wheat $9.0150 +0.0650
Nov 2012 Soybeans $17.2900 +0.1400
Sept 2012 Soybean Oil (Metric Ton) $56.2600 +0.1400
Sept 2012 Soybean Meal (Metric Ton) $531.9000 +4.1000

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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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