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Propurchaser: Grain roller-coaster ride continues


August 25, 2010
by Propurchaser

The roller-coaster ride of grain prices continues this week.

Corn for September delivery fell 12 cents (2.9 percent) to close at $4.0525 per bushel in Chicago August 24, as speculators sold to lock in profits, after a bigger-than-expected plunge in US home sales stoked concerns the economy may relapse into recession.

Wheat for December delivery closed down 17.75 cents (2.4 percent) at $7.0775 per bushel, also pulled down by profit taking.

In Kansas City, December wheat fell 16 cents to close at $7.1550 per bushel.

In Minneapolis, it dropped 12.5 cents to close at $7.1425 per bushel.

This update was provided by Propurchaser.com. For-up-to-date commodity information and analysis in areas such as metals, natural resources and energy visit www.propurchaser.com/pb2b.

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