Afternoon Commodities Report from Allendale for August 28, 2012

Posted on August 28, 2012

December Corn closed below $8 today.

Closing Prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $7.9625 -0.0450
Dec 2012 Wheat $8.7600 -0.0525
Nov 2012 Soybeans $17.3475 +0.0500
Sep 2012 Soybean Oil (Metric Ton) $55.7300 -0.1800
Sep 2012 Soybean Meal (Metric Ton) $535.5000 +3.7000

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.