DTN Closing Grain Comments 02/08 14:18
8 Feb 2023
DTN Closing Grain Comments 02/08 14:18 Wheat Prices Finish Higher After Neutral WASDE Report March KC wheat posted its highest close in two months and March Chicago wheat closed up 15 cents, even after USDA increased its estimate of U.S. ending SRW wheat stocks from 90 mb to 102 mb in 2022-23. Corn and soybeans were modestly higher after USDA made minor adjustments to U.S. balance sheets for both. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: March corn closed up 4 1/2 cents and July corn was up 2 3/4 cents. March soybeans closed up 4 1/2 cents and July soybeans were up 1 3/4 cents. March KC wheat closed up 10 1/4 cents, March Chicago wheat was up 15 cents and March Minneapolis wheat was up 9 cents.