Twelve Months Ago Today

Crude oil was USD47/barrel as Israeli troops entered the Gaza Strip. The pound was around 1.45 against the dollar and 1.06 against the euro. Arla and First Milk announced the first of many 2009 producer price cuts. Spot CBOT corn was at USD4.11 1/4; Spot soybeans were worth USD9.83 3/4; Spot CBOT wheat was USD6.16 3/4. Paris March milling wheat was at EUR143.00/tonne, whilst London May feed wheat was worth GBP111.75/tonne.