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DTN Closing Grain Comments 10/25 13:54

25 Oct 2022
DTN Closing Grain Comments 10/25 13:54 Wheat Fades Early and Recovers, But Finishes Lower; Soybeans and Products Rally In very quiet trade, all three wheat markets fell hard on Monday-Tuesday rain events and aggressive Russian wheat offers but were able to recover somewhat late on the plunge of the U.S. dollar. However, all three wheat contracts finished lower. Corn, soybeans, and soy products, led by meal, staged a nice rally on solid domestic demand and stellar processing margins, despite low export demand. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 4 3/4 cents per bushel and March corn was up 4 1/2 cents. November soybeans closed up 10 cents and January soybeans were up 11 cents. December KC wheat closed down 3 1/2 cents, December Chicago wheat was down 4 cents and December Minneapolis wheat was up 1 3/4 cents. The December U.S. Dollar Index is trading down 1.134 at 110.775. The Dow Jones Industrial Average is up 291.25 points at 31,790.87. December gold is up $7.00 at $1,661.10, December silver is up $0.21 at $19.40 and December copper is down $0.0215 at $3.4090. December crude oil is up $0.71 at $85.29, December heating oil is up $0.0121, December RBOB is up $0.0526 and November natural gas is up $0.376.