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It was a volatile month for soybeans, and after bouncing around, soybean futures closed at $12.0075 a bushel vs. the $12.2750 they started trading on Jan 3rd. Soybean’s volatility was largely attributed to weather. South America was dealing with drought conditions, this month, which caused soybean prices to rally on the fear that crops [...]
Corn prices were relatively stable in the first week of the month, but mid-month plunged the most in 3 months, and reached their 40-cent limit on the Chicago Board of Trade on January 12th, at settled at $6.115 a bushel, aftet the US Department of Agriculture reported an increase in stockpile forecasts. According to [...]
Wheat prices ended the month at $6.6675 a bushel, compared to $6.58 on January 3rd; however, prices were not stable during the month. Wheat futures were on a downward trend the first half of the month, minus one brief bounce, and then slowly staged a recovery. Wheat’s direction, the first half of the month, was dictated by [...]