DTN Closing Grain Comments 07/27 14:03
Early Strength Fades as Corn Closes Lower; Beans, Wheat Sag
Tuesday began with a bang with both soybeans and Minneapolis wheat rushing
to solid gains on declining crop conditions; November beans were up 30 cents at
one point. However, by midmorning much of the strength had dissipated with the
cooler weather forecast ahead; November barely hung on to close higher and
Minneapolis wheat was near unchanged.
Senior Market Analyst
December corn closed down 1/2 cent per bushel, November soybeans finished up
1 3/4 cents, September KC wheat closed up 2 1/2 cents, September Chicago wheat
ended down 2 1/2 cents and September Minneapolis wheat settled down 1/2 cent.
The September U.S. Dollar Index is trading down 0.266 at 92.385. The Dow Jones
Industrial Average is down 168.18 points at 34,976.13. August gold is up $1.50
at $1,800.70; September silver is down $0.59 at $24.73 and September copper is
down $0.0315 at $4.5535. September crude oil is down $0.36 at $71.55, September
heating oil is down $0.0093, September RBOB is up $0.0034 and September natural
gas is down $0.133.
DTN offers additional daily information available free through DTN Snapshot – sign up