DTN Closing Grain Comments 12/05 14:29
5 Dec 2018
DTN Closing Grain Comments 12/05 14:29 Corn and Soybeans Continue Firm Awaiting China Action, Wheat Sags Corn and soybean futures continue to hold gains, with soybeans up again Wednesday, projecting optimism that China will act soon on their Group of 20 promise to buy significant quantities of U.S. ag, energy and other products. Chinese web sites are hinting at some large purchases of not only soybeans, but also corn, wheat and ethanol. Wheat is again showing weakness on slack exports, more hard wheat deliveries, the re-opening of the Ukraine shipping path, along with drought alleviating weather in the EU and Black Sea regions.