Week’s trading up and down with mostly up finish
By Top Crop Manager/CBoT
The week's trading on the Chicago Board of Trade showed plenty of ups and downs but most commodities finished slightly up or close to steady by midday Friday.
December 1, 2008
Last week saw mostly upward activity for commodities on the Chicago Board of Trade (CBoT). Last Monday, December wheat gained 38.5 cents to $5.375, yet reached $5.425 after a jump of seven cents by the midday report on Friday. December corn marked the week with more ups and downs, starting Monday off with a 16 cent jump to $3.545, yet losing 4.54 cents during Friday’s trading, to stand at $3.495 at the midday.
December oats were down at midday Friday compared to Monday, where they gained 4.75 cents to $2.055, only to see the $2.015 mark following a two cent jump on Friday.
And soybeans for January delivery were also up and down on the week, posting a 44 cent gain on Monday at $8.84 per bushel, only to lose three cents on Friday morning to finish a cent lower overall at the midday, at $8.83.