Weekly Outlook: August Crop Production Report
US - Corn and soybean prices have declined sharply since establishing contract highs in the midst of widespread crop concerns in June and early July. December 2008 corn futures reached a high just below $8.00, declined to a low just above $5.60, and are currently trading near $5.70. November 2008 soybean futures reached a high just short of $16.37, but declined to just above $13.00 in early trading on 4 August.
5 August 2008
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