DTN Closing Grain Comments 11/10 13:51
10 Nov 2022
DTN Closing Grain Comments 11/10 13:51 Soybean Prices Fall as Cancellation Adds to China Concerns Active contracts of corn, soybeans and all three wheats traded lower Thursday after USDA reported another week of disappointing export sales. In the case of soybeans, 29.2 mb of weekly sales were limited by a 28.2 mb cancellation from unknown, adding to concerns about the effect of rising COVID infections in China. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: December corn closed down 11 1/4 cents and July corn was down 10 3/4 cents. January soybeans closed down 29 cents and July soybeans were down 29 cents. December KC wheat closed down 4 3/4 cents, December Chicago wheat was down 3 cents and December Minneapolis wheat was down 6 3/4 cents. The December U.S. Dollar Index is trading down 2.18 at 108.28. The Dow Jones Industrial Average is up 982.10 points at 33,496.04. December gold is up $40.80 at $1,754.50, December silver is up $0.40 at $21.73 and December copper is up $0.0665. December crude oil is up $0.93 at $86.76, December ultra-low sulfur diesel is down $0.0875, December RBOB gasoline is up $0.0264 and December natural gas is up $0.320.