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DTN Closing Grain Comments 09/27 13:54
Monday's Corn Rally Suggests Harvest Disappointment
December corn closed up 12 3/4 cents Monday, posting a new high close of
$5.39 1/2 in September as harvest activity picked up across the Midwest.
December Minneapolis wheat was also higher, up 5 1/2 cents with many expecting
USDA to lower its production estimate of other spring wheat in Thursday's Small
Grains Summary.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed up 12 3/4 cents and March corn was up 12 1/2 cents.
November soybeans closed up 2 1/2 cents and March soybeans were up 5 cents.
December KC wheat closed up 1 cent, December Chicago wheat was down 1 1/2 cents
and December Minneapolis wheat was up 5 1/2 cents. The December U.S. Dollar
Index is unchanged at 93.34. The Dow Jones Industrial Average is up 135.36
points at 34,933.36. December gold is down $0.40 at $1,751.30, December silver
is up $0.27 at $22.70 and December copper is down $0.0015. November crude oil
is up $1.57 at $75.55, November heating oil is up $0.0311, November RBOB
gasoline is up $0.0351 and November natural gas is up $0.491.
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