Wednesday, October 12, 2011

Wheat, Corn Clobbered by WASDE Report, Ag Equities Generally Higher (DE; AGCO; ADM; MOS)

Chicago wheat is down 5.49%, corn -1.47% and soybeans -0.14%
Deere is up 1.47%, ADM +3.47%, Mosaic +1.42%, AGCO +3.38, POT +2.91%.
CF which had a big run yesterday, is down 1.86%.
Here's Bloomberg on the commods:
Wheat, Corn Tumble on Rising World Inventories; Soybeans Slide
And Barron's Stocks to Watch Today blog on the equities:
Ag Stocks Mixed After USDA Report
Agriculture Stocks Jumped Ahead of Today's USDA Crop Reports (CF; MOS; DE)
Barron's Loves the Ag Companies: "Prepare for a Bountiful Harvest" (ADM; BG; MON; DE)