Agricultural Commodities Take a Hit

United States Department of Agriculture issued Crop Production 2009 Summary for January. Production of all major agricultural commodities is expected at record numbers.

The report sparked a major sell-off.

Chart 1. Dow Jones ā€“ UBS Corn Subindex

Source: StockCharts.com

Chart 2. Dow Jones ā€“ UBS Wheat Subindex

Source: StockCharts.com

Chart 3. Dow Jones ā€“ UBS Soybeans Subindex

Source: StockCharts.com

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This entry was posted on Tuesday, January 12th, 2010 at 2:53 pm and is filed under Commodities. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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