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Leycodal Agri Markets by CME Holdings Courtesy |
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Wednesday, 08 September 2010 00:00 |
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Today's
Markets View
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Agricultural Futures Quotes
by CME Group's Cortesy
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Corn: December corn continued to push toward the June high at $4.70, though noncommercial long-liquidation could develop short-term as this side of the market holds a record-large net-long futures position of over 400,000 contracts.
Soybeans: November beans pushed through key price resistance at the August high of $10.49 on follow-through noncommercial buying setting up a test with the November high at $10.60 1/4.
Wheat: The wheat market slipped modestly lower Tuesday after closing at multi-week highs Friday. A longer-term bullish fundamental picture should continue to provide underlying support.
Live Cattle: Cattle contracts were pulled sharply lower by selling from both noncommercial and commercial traders tied to overbought conditions.
Cotton: Another day, another record-high for the spot month October contract and contract highs for the deferred issues, though contracts closed well off session highs. This could lead to follow-through selling Wednesday.
Source DTN.
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Product Name
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Contract
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Chart
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02/09/10
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03/09/10
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07/09/10
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Corn
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Sept 10
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433’0
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449’6
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451’4
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Soybeans
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Sept 10
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1007’4
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1029’6
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1043’6
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Wheat
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Sept 10
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680’6
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708’2
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702’4
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Live Cattle
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Oct 10
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98.450
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98.450
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96.350
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Cotton
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Oct 10
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.9087
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.9095
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.9132
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Coffee
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Dec 10
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1.8485
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1.8695
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1.9230
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Cocoa
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Dec 10
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2735
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2772
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2722
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