MARKETS NEWS
Elaine Kub Contributing Analyst
Fri Dec 7, 2012 08:33 AM CST

8:30 a.m. CME Globex:Corn 5 1/2 lower, Soybeans 9 lower, Wheat 4 1/4 lower. Soybean prices are experiencing a pullback Friday morning after moving to another weekly high overnight. Corn and wheat are also responding to bearish pressure from the U.S. dollar index.

Other Markets:

Dow Jones: Higher
U.S. Dollar Index: Higher
Gold: Higher
Crude Oil: Higher

Corn:An optimistic jobs report on Friday morning infused some bullishness into stock futures and the prices for consumable commodities, like crude oil. So far, however, the grain sector has resisted such bullishness and instead is moving lower, perhaps as some noncommercial (speculative) traders ...

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