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DTN Closing Grain Comments 02/16 13:46

16 Feb 2022
DTN Closing Grain Comments 02/16 13:46 Drier Argentine Forecast and No Sign of Russia Pullback Send Corn, Soy Back Up Despite Tuesday's bearish plunge in corn, soybeans and meal, those markets finished strongly higher Wednesday. NATO said there was no proof of a Russian withdrawal and extended forecasts once again turned drier for southern Brazil and Argentina. Wheat, probably most impacted by the Russia situation, was mostly mixed. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 9 cents per bushel and December corn was up 4 cents. March soybeans closed up 36 1/4 cents and November soybeans were up 23 1/2 cents. March KC wheat closed up 2 cents, March Chicago wheat was up 3/4 cent and March Minneapolis wheat was down 1 1/2 cents. The March U.S. Dollar Index is trading down 0.293 at 95.700. The Dow Jones Industrial Average is down 57.46 points at 34,931.38. April gold is up $17.10 at $1,873.30, March silver is up $0.32 at $23.66 and March copper is up $0.0040 at $4.5355. March crude oil is up $1.52 at $93.59, March heating oil is down $0.0032, March RBOB is up $0.0070 and March natural gas is up $0.398.