DTN Closing Grain Comments 10/14 13:54
Minneapolis Wheat Reaches New Heights; Corn, Soy Bounce From Lows
Row crops had a difficult time moving much higher early Thursday, as bearish
WASDE data and tepid export demand continued to weigh on prices; but they did
move higher. Soybeans are gaining some traction with renewed export interest
and rumors of more business. Minneapolis wheat again scored a new contract high
on tightening U.S. wheat stocks and an overall bullish world outlook for wheat.
Senior Market Analyst
December corn closed up 4 1/2 cents per bushel and March corn was up 3 3/4
cents. November soybeans closed up 11 cents and January soybeans were up 9 1/2
cents. December KC wheat closed up 9 1/4 cents, December Chicago wheat was up 6
cents and December Minneapolis wheat was up 9 3/4 cents. The December U.S.
Dollar Index is trading down 0.090 at 93.990. The Dow Jones Industrial Average
is up 538.97 points at 34,916.78. December gold is up $4.70 at $1,799.40,
December silver is up $0.39 at $23.56 and December copper is up $0.0980 at
$4.6140. November crude oil is up $0.91 at $81.35, November heating oil is up
$0.0399, November RBOB is up $0.0292 and November natural gas is up $0.088.
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