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Barchart
Barchart
Jim Wyckoff

Grain Bulls Are on the Ropes After Corn Prices Plunged to a 6-Week Low

December corn (ZCZ26) futures on Friday fell 4 1/2 cents to $4.97 3/4 and for the week were down 30 1/2 cents. November soybeans (ZSX26) fell 5 3/4 cents to $12.78 1/4, hit a four-week low, and for the week were down 40 3/4 cents. December soybean meal (ZMZ26) futures on Friday lost $5.80 to $347.50, hit a four-week low, and for the week were down $23.50. December soft red winter (SRW) wheat futures (ZWZ26) rose 1/4 cent to $6.83 but for the week were down 20 1/4 cents. December hard red winter (HRW) wheat (KEZ26) futures on Friday fell 2 1/4 cents to $7.35 1/4 and for the week were down 26 3/4 cents.

Corn Leads the Pack Lower Following Surprisingly Bearish USDA Data

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