Thursday, June 11, 2009

Thursday June 11, 2009

Despite a hard break by soy oil yesterday, it joined meal and soybeans in moving higher. July soybeans settled near 12.67 and up 21 cents. Corn futures also closed higher on the day July futures closed up 5 cents the range was 4.36-4.47.The lower dollar and the higher energy prices offered strong support. Wheat lagged the grain complex today on good weather ideas

Chuck Peterson

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