Grains Nosedive on Bearish USDA Data
By Kristina Zurla Landgraf • Jun 30th, 2011 • Category: Broker Commentary, MF Global in the News, Market UpdatesBearish USDA reports sent grains tumbling today. CBOT December corn futures fell the maximum exchange limit of 30 cents, or 4.6 percent, to $6.205 a bushel. The July contract plunged as much as 12 percent. September wheat futures slid to $6.1425 a bushel intraday, the lowest price since July 29, 2010. The contract settled at [...]
