NEWS
Newsom on the Market
Darin Newsom DTN Senior Analyst
Fri Jul 31, 2015 06:36 AM CDT

Despite any Pollyanna beliefs that our vessels wouldn't be swamped, this week's market action sank commodities like a large wave drowns a ship. One of the more interesting aspects of the sinking is that nobody seemed to know who, or what, caused it.

For those who don't recall, or blacked it out of their memories, December corn closed 19 1/4 cents lower, November soybeans were down 31 3/4 cents, and September Chicago wheat dropped a relatively mild 9 1/4 cents. In the big picture this meant December corn had lost about 71 cents in just under two weeks, stretching its ...

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