Dec futures managed to briefly break through resistance near 65.60 on Tue of last week, but it was all southbound for the remainder of the week. Dec gave up 110 points W/W, settling near the bottom of a tame weekly range of 269 points.
Dec corn picked up 5 cents last week to settle at 353. Volume slowed while OI contracted W/W.
Jan soybeans gained 23½ cents on the week to settle at 383¼. Volume quickened considerably while OI expanded significantly W/W.
The CME SRW Dec wheat contract gave up 9 cents on the week to settle at 517¾. The Dec contract has gained 43½ cents over the last week on consecutive W/W gains.
For this week…
