DTN Closing Grain Comments 01/21 13:53
Soybeans, Meal, Wheat Weaken; Spot Corn Firms Up
Soybeans and meal were under heavy pressure much of Friday, with old- and
new-crop beans rebuking new recent highs. Wheat fell on continuing talks to
head off a Russian-Ukraine conflict. Corn rallied on improved demand, led by
the spot month.
Senior Market Analyst
March corn closed up 5 1/4 cents per bushel and December corn was up 5 1/4
cents. March soybeans closed down 11 1/2 cents and November soybeans were down
11 1/2 cents. March KC wheat closed down 3 1/4 cents, March Chicago wheat was
down 10 1/4 cents and March Minneapolis wheat was down 8 3/4 cents. The March
U.S. Dollar Index is trading down 0.100 at 95.625. The Dow Jones Industrial
Average is down 269.38 points at 34,446.01. February gold is down $11.30 at
$1,831.30, March silver is down $0.36 at $24.36 and March copper is down
$0.0665 at $4.5160. March crude oil is down $0.52 at $85.03, March heating oil
is up $0.0063, March RBOB is down $0.0206 and February natural gas is up $0.181.
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