Today’s CME closing grain market board was very unusual in the array of tiny price changes compared with that of yesterday. MGEX wheat had the biggest gains, finishing up 2.5-3 cents. Every other change was 1 cent or less except for a 1.25 cent gain for corn and Chicago wheat. While this has undoubtedly happened before, we do not recall ever seeing such small closing price changes across the entire board. January soybeans finished a penny lower with more deferred contracts down just fractions, and KC wheat was fractionally mixed. Even the changes for soy products were very small. Soymeal was up 30-50 cents, and soyoil was down just 2-5 points. To be honest, prices did vary more during the overnight and day trading. Corn was up as muc...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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