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DTN Closing Grain Comments 12/03 13:56
Renewed Buying in Soybean Meal Helps Row Crops End Higher
January soybean meal closed up $9.80 Friday and was the leading percentage
gainer in the grain sector, encouraging corn and soybean prices to higher
closes. All three U.S. wheats suffered double-digit losses, influenced by news
of a possible export quota coming to Russia.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 7 1/4 cents and July corn was up 6 1/2 cents. January
soybeans closed up 23 cents and March soybeans were up 21 1/4 cents. March KC
wheat closed down 18 cents, March Chicago wheat was down 11 1/4 cents and March
Minneapolis wheat was down 27 3/4 cents. The December U.S. Dollar Index is
trading down 0.13 at 96.03. The Dow Jones Industrial Average is down 316.64
points at 34,323.15. February gold is up $20.70 at $1,783.40, March silver is
up $0.17 at $22.49 and March copper is down $0.0315. January crude oil is down
$0.54 at $65.96, January heating oil is down $0.0141, January RBOB gasoline is
down $0.0272 and January natural gas is up $0.106.
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