EHedger Closing Grains Commentary 10/28/09

Published on: 16:33PM Oct 28, 2009
Dec 09 Corn
- 1 ¾ 
Nov 09 Beans
968 ½  
- 5
Dec 09 Wheat
494 ¾    
- 8 ½ 
Dec 09 KC Wheat
502 ¼   
- 8 ¼ 
Dec 09 Min Wheat
- 7 ½ 
Dec 09 Meal
+ 3.7
Dec 09 Oil
- 0.62

Corn, soybeans and wheat all closed sharply lower. Today was similar to yesterday. Another rally in the U.S. dollar caused a sell-off in the equities and the commodities. The Delta and Midwest look to get some additional rains late this week, but next week looks mostly dry. Corn, soybeans and wheat have all setback to key technical levels. Weather and the U.S. dollar will likely dictate which direction we head from here.   Due to the rally in October... For more…
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