DTN Closing Grain Comments 01/24 13:43
24 Jan 2023
DTN Closing Grain Comments 01/24 13:43 Spot Soy Futures Rise to Fill the Open Gap; Wheat and Corn Surge The soybean and meal markets rebounded from Monday's massacre but failed to hold the early strength, trading into the red late, while soybean oil fell on crude oil weakness. Wheat markets rose in unison from oversold conditions, and corn made up all of Monday's losses. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 10 3/4 cents per bushel and May corn was up 10 1/4 cents. March soybeans closed down 1 3/4 cents and May soybeans were down 3/4 cent. March KC wheat closed up 14 3/4 cents, March Chicago wheat was up 14 1/2 cents and March Minneapolis wheat was up 17 1/2 cents.