DTN Closing Grain Comments 01/07 13:59
7 Jan 2022
DTN Closing Grain Comments 01/07 13:59 Soybean Meal Explodes to New High, Pulling Up Beans and Corn In an otherwise quiet morning of trade, soybean meal exploded to a new contract high about midmorning. Soybeans were quick to follow, reaching the highest level since June. Corn, under pressure early, followed those markets higher. Wheat appears to have stabilized, following the extreme weakness seen lately. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 3 cents per bushel and December corn was up 3 1/2 cents. January soybeans closed up 24 1/4 cents and November soybeans were up 15 1/4 cents. March KC wheat closed up 6 1/2 cents, March Chicago wheat was up 12 1/2 cents and March Minneapolis wheat was steady. The March U.S. Dollar Index is trading down 0.581 at 95.745. The Dow Jones Industrial Average is up 59.19 points at 36,295.66. February gold is up $6.50 at $1,795.70, March silver is up $0.17 at $22.36 and March copper is up $0.0500 at $4.4045. February crude oil is down $0.85 at $78.61, February heating oil is down $0.0004, February RBOB is down $0.0089 and February natural gas is up $0.098.