Soybeans Hit All-Time High of $17.84 In Early Trading

Posted on September 4, 2012


After hitting an all-time high of $17.83 per bushel on an intraday basis last week soybeans are at all time highs again in early trading.  A few other hot links.

Cotton Glut Seen Extending Slump as Levi’s Costs Slide: Cotton warehouses from China to Australia are bulging with the biggest-ever glut, a year after record prices spurred farmers to expand output…Read More

Commodities Beat Stocks, Bonds for Second Month in August Commodities beat equities, bonds and the dollar for a second consecutive month, the longest streak in more than a year, on mounting speculation policy makers will seek to rescue their economies…Read more

Early trading prices (per bushel unless otherwise stated)

Contract Commodity Last Change
Dec 2012 Corn $8.0825 +0.0850
Dec 2012 Wheat $8.9725 +0.0775
Nov 2012 Soybeans $17.8400 +0.1950
Sept 2012 Soybean Oil (Metric Ton) $57.5000 +1.0800
Sept 2012 Soybean Meal (Metric Ton) $553.0000 +5.9000

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Disclosures:

The Author of this post has a bear credit spread in Corn futures. 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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