DTN Closing Grain Comments 11/17 14:10
17 Nov 2022
DTN Closing Grain Comments 11/17 14:10 Only Corn Recovers From Early Selling Following Ukraine Export Extension Led by wheat, soybeans and bean oil, grain and soy markets fell in unison Thursday. Wheat and corn were under pressure early on word that the Ukraine grain export corridor would be extended for four months, while bean and oil fell on the plunge in crude oil, and more recession fears, and despite huge export sales for last week in soybeans. Only corn recovered to finish higher, fueled by recent new sales to Mexico. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 2 1/4 cents and July corn was up 3/4 cents. January soybeans closed down 12 1/4 cents and July soybeans were down 12 cents. December KC wheat closed down 17 1/2 cents, December Chicago wheat was down 10 3/4 cents and December Minneapolis wheat was down 11 3/4 cents. The December U.S. Dollar Index is trading up 0.48 at 106.64. The Dow Jones Industrial Average is down 76.36 points at 33,477.47. December gold is down $12.80 at $1,763.0, December silver is down $0.53 at $21.0 and December copper is down $0.0955. December crude oil is down $3.88 at $81.71, December ultra-low sulfur diesel is down $0.0881, December RBOB gasoline is down $0.0460 and December natural gas is up $0.213.