Crude oil fell today after Europe’s request for help was declined on the Group of Twenty meeting until the European Union will boost its financial firewall to defend from the debt crisis. The members of G20 were unhappy with slow reaction to problems and long time needed by EU members to make any meaningful decision. April contract for delivery of crude oil dropped as much as $1.21 to $108.56 per barrel on NYMEX. Brent crude slid from $125.25 to $123.30 per barrel as of 23:12 GMT on ICE today.
Soybeans gained today, reaching
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