Ideal growing conditions forecasted over the next few days, combined with a stronger Dollar, have lead to renewed selling in the grain complex today. Soybeans are being sold at prices below $11.80/bushel, a 28% drop since the July high of 16.3675/bushel. Corn has dropped 35%! This daily soybean chart says it all!Friday, August 8, 2008
Grain Downtrend Resumes on Dollar Strength
Ideal growing conditions forecasted over the next few days, combined with a stronger Dollar, have lead to renewed selling in the grain complex today. Soybeans are being sold at prices below $11.80/bushel, a 28% drop since the July high of 16.3675/bushel. Corn has dropped 35%! This daily soybean chart says it all!
