Risk Off Melt Down in Commodities Tied to U.S. and China Economic News, Better Crop Ratings: Corn Closes Below July Low

Commodity selloff with a risk off day tied to U.S. and China economic news. Better than expected crop ratings hit corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.

Commodity wide selloff with a risk off day tied to U.S. and China economic news. Better than expected crop rating also took down corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.

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Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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