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Commodities Briefing - Categorized | Agriculture, Commodity Crisis, Price Watch more

Grain prices fall sharply on Wall Street decline

Posted on 15 October 2008

From Chron.com: Grain prices fell sharply Tuesday after Wall Street’s failure to extend the previous day’s massive rally prompted investors to pull money out of commodities.

Stocks ended trading moderately lower as investors cashed in profits following the Dow Jones industrials’ stunning 936-point advance on Monday. Soybeans for November delivery fell 32 cents to settle at $8.96 a bushel on the Chicago Board of Trade, while wheat for December delivery lost 15.5 cents to settle at $5.73 a bushel…. Full Article: Source


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