DTN Closing Grain Comments 11/15 13:56
15 Nov 2022
DTN Closing Grain Comments 11/15 13:56 Grain, Soy Markets Recover From Early Selling to Finish Strong Indications that the Black Sea Grain Initiative could be renewed later this week, along with a very poor export profile for wheat, pressured that market early Tuesday. Bu a late-day rally led to a very firm finish. The AP reported a Russian missile intended for Ukraine landed in Poland, killing two people, with unofficial rumors of Polish jets scrambling in response. That led to a fierce wheat rally of more than 30 cents from the low. Corn and soybeans weakened early, but recovered to finish higher in volatile trade, as new sales to Mexico of corn and beans were reported early Tuesday. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 9 1/2 cents and July corn was up 7 3/4 cents. January soybeans closed up 16 3/4 cents and July soybeans were up 16 cents. December KC wheat closed up 6 3/4 cents, December Chicago wheat was up 9 3/4 cents and December Minneapolis wheat was up 11 cents. The December U.S. Dollar Index is trading up 0.02 at 106.56. The Dow Jones Industrial Average is up 37.30 points at 33,574.0. December gold is up $2.00 at $1,778.90, December silver is down $0.55 at $21.57 and December copper is down $0.0220. December crude oil is up $0.83 at $86.70, December ultra-low sulfur diesel is up $0.0860, December RBOB gasoline is down $0.0129 and December natural gas is up $0.145.