|
|
|
|
|
|
DTN Closing Grain Comments 10/07 13:50
Wheat Recovers Monday; Bean Oil Rises; Corn, Soy Mixed in Quiet Trade
Wheat markets recovered from early weakness to close higher Monday. Soybean
oil got a boost from stronger palm and crude oil markets. Corn and soybeans
traded on both sides of unchanged with soybeans weaker on the falling soymeal
market and the expanding harvest. A clear harvest forecast in the U.S. and a
wetter forecast for northern Brazil weighed on values.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed up 1 1/4 cents per bushel at $4.26 and March corn was
up 1 cent at $4.42 3/4. November soybeans closed down 3 3/4 cents at $10.34 0/1
and January soybeans were down 3 1/2 cents at $10.52 1/2. December KC wheat
closed up 5 1/4 cents at $6.03 1/4, December Chicago wheat was up 2 3/4 cents
at $5.92 1/2 and December Minneapolis wheat was up 5 3/4 cents at $6.44 1/4.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
|
|