DTN Closing Grain Comments 12/16 14:09
16 Dec 2022
DTN Closing Grain Comments 12/16 14:09 Wheat Lower, Soybean Meal Higher as Outside Markets Mull Rate Hikes March KC wheat dropped 16 1/2 cents Friday but managed to finish higher on a week dominated by outside market concerns about higher interest rates and recession. January soybeans ended up 6 1/2 cents, supported by another day of bull-spreading in January soybean meal. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: March corn closed down 1/2 cent, and July corn was down 3/4 cent. January soybeans closed up 6 1/2 cents, and July soybeans were up 6 cents. March KC wheat closed down 16 1/2 cents, March Chicago wheat was down 3 3/4 cents and March Minneapolis wheat was down 9 1/4 cents. The March U.S. Dollar Index is trading up 0.11 at 104.65. The Dow Jones Industrial Average is down 468.78 points at 32,733.44. February gold is up $12.90 at $1,800.70, March silver is up $0.05 at $23.36 and March copper is up $0.0065. February crude oil is down $1.69 at $74.46, February ultra-low sulfur diesel is down $0.1377, February RBOB gasoline is down $0.0334, and February natural gas is down $0.292.