The Dramatic Decline in the Stock Market Carried Over to the Commodity Markets
Posted by Brian Gould Mon, 29 Sep 2008 22:11:00 GMT
4th quarter Class III contracts dropped 63¢, erasing most of Sept.’s gains. Contracts covering the first half of 2009 fell 47¢ to an average of $16.00.
Corn and soybean futures were limit-down today at -30¢ and -70¢, respectively. The U.S. stock markets fell 7-9% after the House failed to pass legislation aimed at bailing out the troubled financial sector.
