corn on jan 12

Discussion in 'Ag Futures' started by fishing, Jan 16, 2012.

  1. fishing

    fishing

    i just opened a corn chart and realized it opened down almost 40$ on jan 12 last week.

    what happened? news? thanks
     
  2. Dael

    Dael

    USDA supply / demand and production reports on Jan 12th morning.
    World Agricultural Supply and Demand Estimates as an example, here:
    http://www.usda.gov/oce/commodity/wasde/latest.pdf
    Reports were a way bearish, that's the reason.
     
  3. fishing

    fishing

    thanks :)