DTN Closing Grain Comments 05/13 14:01
13 May 2022
DTN Closing Grain Comments 05/13 14:01 Soy Products Pull Beans Higher; Wheat Mixed; Corn Sags Following limit to near-limit gains in wheat Thursday after the bullish WASDE report, all three wheat contracts set back early Friday, but not until after reaching new contract highs. Soybeans were very firm as rumors of additional China demand circulated, bean oil rose with crude, and beaten-down soy meal finally rallied, while corn moved lower on an open planting window. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn closed down 10 1/4 cents per bushel and December corn was down 4 1/4 cents. July soybeans closed up 32 3/4 cents and November soybeans were up 17 3/4 cents. July KC wheat closed up 12 cents, July Chicago wheat was down 1 1/4 cents and July Minneapolis wheat was up 5 cents. The June U.S. Dollar Index is trading down 0.207 at 104.690. The Dow Jones Industrial Average is up 191.74 points at 31,922.04. June gold is down $17.40 at $1,807.20, July silver is up $0.18 at $20.95 and July copper is up $0.0575 at $4.1580. June crude oil is up $4.30 at $110.43, June heating oil is up $0.0076, June RBOB is up $0.1688 and June natural gas is down $0.079.