Weekly Outlook: Markets Get Whipsawed
US - December 2010 corn futures traded to a high of $5.235 on September 27 and closed at $5.05 on September 29. The surprisingly large USDA September 1 corn stocks estimate released on September 30 sent that contract to a low of $4.56 on October 4. Similarly, the November 2010 soybean futures contract traded to $11.295 on September 27, closed at $10.99 on September 29, and declined to $10.44 on October 4, says Darrel Good, University of Illinois.
12 October 2010
2 minute read
