Crude Oil Hits 2-Week Low–Here’s Why
December Corn
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PowerRating) futures fell -2.60% to $2.5225 a bushel. Rain in
the Midwest led to the biggest 2-day decline in 15 months as an end to the
2-month drought appeared to be in sight. Hurricane Emily is also expected to
boost moisture for rain in the Midwest next week.
However November SoybeansÂ
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PowerRating) rose +0.51% to $6.945 a bushel.
August Crude Oil
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PowerRating) closed down -1.29% at $56.72 hitting a new
2-week low on bearish petroleum data.
September Coffee
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PowerRating) rose +1.81% from 8 month lows
September Copper
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PowerRating) rose +0.32% to close at a new contract high.