DTN Closing Grain Comments 11/30 13:40

DTN Closing Grain Comments 11/30 13:40 Soybean Meal Surges, Pulls Soybeans to Highest Level Since September While soybean oil lately has been the bullish stalwart of the soy complex, on Wednesday it was soy meal which took over, appearing to have broken out to the upside of a triangle chart pattern. Soybeans rose along with meal, to the highest level since September, before setting back again. Another sale to China and expectations for strong November crush sent soy higher. Soybean oil fell on unexpected deliveries by a commercial firm. Wheat rebounded from the recent pummeling, while corn weakened a bit on slowing ethanol use, and poor export demand. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed down 2 1/2 cents and July corn was down 3 cents. January soybeans closed up 10 cents and July soybeans were up 7 3/4 cents. March KC wheat closed up 12 3/4 cents, March Chicago wheat was up 14 cents and March Minneapolis wheat was up 8 cents. The December U.S. Dollar Index is trading down 0.77 at 106.0. The Dow Jones Industrial Average is up 372.51 points at 34,225.04. December gold is up $13.60 at $1,762.0, December silver is up $0.74 at $21.94 and December copper is up $0.1405. December crude oil is up $2.25 at $80.45, December ultra-low sulfur diesel is up $0.1093, December RBOB gasoline is up $0.0999 and December natural gas is down $0.334.