Afternoon Commodities Report From Allendale for August 31, 2012

Posted on August 31, 2012

Corn, wheat, and soybeans all traded lower today. In this crazy world who wants to take short-term risk into a 3 day weekend. I hope everyone enjoys the last long weekend of the summer. As always, respect your capital, protect your capital, and keep your head in the game.

Closing Prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $7.9975 -0.0875
Dec 2012 Wheat $8.8875 -0.1425
Nov 2012 Soybeans $17.6600 -0.0425
Sep 2012 Soybean Oil (Metric Ton) $56.2300 -0.3600
Sep 2012 Soybean Meal (Metric Ton) $546.9000 -1.2000

Afternoon Commodities Report from Allendale

Recent Blog Posts At The Mays Report

Most Recent Articles Published Exclusively at Seeking Alpha

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.