AgWeb Radio: Closing Commentary 9-29-11

September 29, 2011 09:24 AM

Nate Smith of the Gulke Group says today saw a short covering rally. Since the Aug. 31 highs, November beans have lost 2.35, corn lost 1.47 and wheat lost 1.39. Tomorrow's report is a question. Last year, the government found 300 million bushels of corn in this report, then took it away later. Liquidation has been mostly in commodities, indicating there may be a lack of demand. Tomorrow promises to be a big event.

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