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Friday, December 09, 2005

Wheat Futures Get Shredded:

Wheat futures get shredded: The commodity bull market of 2005 apparently missed the Wheat market, as futures plunged to contract lows today. The catalyst was a bearish USDA global ending stocks report released this morning. In the report, the USDA forecasted ending stocks at 530 billion bushels, unchanged from last month's report, but higher than average analysts' estimates. Read More....