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Home » Grains » soybeans lose the 9 rounder !

Wheat, Soy Beans,
10/2/2009 7:09:16 PM

77
77
Posts: 0 		wow, a horrible weekly close for soybeans and wheat looks fairly poor as well

corn is still above the 50MA

friday, December corn closed lower by 6.25 cents to $3.3425 per bushel, November soybeans closed lower by 29 cents to $8.89 per bushel, December wheat closed lower by 9.75 cents at $4.43 per bushel

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10/2/2009 10:30:07 PM

77
77
Posts: 0 		a few notes on a friday:

The soybean crop is rated the best since 1994

Midweek Deutsche Bank announced that they will change the make up of two of their commodity ETFs in order to meet the new CFTC limits. They will reduce their positions in corn and wheat by half over a 10 day period starting October 19. The reduction should equate to the liquidation of 11,000 futures.

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Home » Grains » soybeans lose the 9 rounder !




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