DTN Closing Grain Comments 02/11 13:52
11 Feb 2022
DTN Closing Grain Comments 02/11 13:52 Grains, Soy Complex Rebound From Thursday Selling Following the unexpected Thursday reversal from new contract highs, which saw March soybeans fall more than 60 cents from the high, Friday featured a strong rebound, led by wheat and soybeans. Soybean oil was also along for the ride on the surging crude oil market (up $3) as tensions between Russia and Ukraine seem to be on the rise ahead of the weekend. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 9 1/4 cents per bushel and December corn was up 10 cents. March soybeans closed up 8 3/4 cents and November soybeans were up 12 cents. March KC wheat closed up 23 1/4 cents, March Chicago wheat was up 26 1/4 cents and March Minneapolis wheat was up 19 1/4 cents. The March U.S. Dollar Index is trading up 0.417 at 95.965. The Dow Jones Industrial Average is down 442.11 points at 34,799.48. April gold is up $22.70 at $1,860.10, March silver is up $0.04 at $23.56 and March copper is down $0.1890 at $4.4705. March crude oil is up $3.14 at $93.02, March heating oil is up $0.0808, March RBOB is up $0.0673 and March natural gas is down $0.015.