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DTN Closing Grain Comments 09/13 13:49
Wheat, Corn Extend Winning Streak; Soybeans, Soy Products Fail to Hold Early
Gains
From the start Friday, all three wheat markets and the European milling
contract scored big gains. That is the fourth time in the past five days
Chicago December has closed higher. Corn futures also extended the Thursday
reversal from post-WASDE lows to finish sharply higher. Soybeans and products
began the day in the green but could not hold onto that strength.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed up 7 1/4 cents per bushel at $4.13 1/4 and March corn
was up 6 1/2 cents at $4.31 0/1. November soybeans closed down 4 1/2 cents at
$10.06 1/4 and January soybeans were down 4 3/4 cents at $10.25 3/4. December
KC wheat closed up 13 3/4 cents at $6.00 0/1, December Chicago wheat was up 16
1/4 cents at $5.95 3/4 and December Minneapolis wheat was up 13 3/4 cents at
$6.35 3/4.
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