Monday, January 12, 2009

WSJ: US Data Sinks Corn, Soybeans

CHICAGO -- A set of bearish government estimates released Monday reignited concerns about anemic demand amid a world recession and sent Chicago Board of Trade grain and oilseed futures plunging, analysts said.

CBOT corn and soybean markets fell by their exchange-imposed daily trading limits. March corn fell 30 cents to $3.8075 per bushel while nearby January soybeans fell 83.50 cents to $9.54 per bushel.

Rest of article (WSJ Online subscription required)


Editor's Note: Analysts quoted in the article believed soybeans may bounce back faster than corn, due to several supply/demand factors that are favorable to soybeans.

1 comment:

joachin said...

check out ca-bi.com/blackbox I posted somthing about corn yesterday with the intraday.

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