date:Jul 02, 2014
rcent to $11.495 a bushel on the Chicago Board of Trade by 4:59 a.m. after earlier dropping to $11.465, the lowest level for a most-active contract since Dec. 21, 2011. Futures tumbled 5.8 percent yesterday for the biggest drop since July 2009.
There was nothing, nothing at all, in the USDAs plantings and stocks reports that was even modestly, tacitly supportive of grain prices, economist Dennis Gartman wrote in his newsletter. Everything was stunningly bearish.
Soybean inventories were 405 mi