Corn exports came in below expectations. Russia also reiterated that it will not ban wheat exports. These things joined to douse the momentum that yesterday’s rally in wheat and corn generated.
Closing Prices (per bushel unless otherwise stated)
|Sep 2012||Soybean Oil (Metric Ton)||$56.5700||-0.0700|
|Sep 2012||Soybean Meal (Metric Ton)||$548.4000||+5.1000|
Afternoon Commodities Report from Allendale
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