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(Aug 14 2012) Corn prices tumbled today the most in five weeks on speculation that demand is slowing after a crop-damaging U.S. drought sent prices to a record this month. On the Chicago Board of Trade, corn futures for December delivery tumbled 2.1 percent to $7.9225 a bushel, the largest drop for the most-active contract [...]
(Aug 9 2012) Metals and energy prices ended today’s session mostly higher on continued expectations that some of the world’s largest economies will offer a round of monetary easing. As long as monetary easing remains on the table, so does the expectation that there will be a pick-up in demand for commodities, and, consequentially, their [...]
Corn prices continued their drought-induced rally in July, corn for September delivery climbed from just over $7.00 at the start of the month to close at $8.20 a bushel. Corn prices raced to a record high of $8.205 a bushel on Monday the 30th. Gains for the months of June and July totaled 45 percent [...]
(July 18 2012) U.S. corn turned higher today, resuming its biggest rally since 2008 as dry conditions once again threatened the crop. Soybeans also moved higher, with soybean meal futures surging to an all-time high. Soybean futures are now up nearly 30 percent from summer lows, with the benchmark November holding near its contract high [...]