DTN Closing Grain Comments 03/02 13:50
2 Mar 2023
DTN Closing Grain Comments 03/02 13:50 Soybean Oil Prices Get a Boost, Support Soybean Price Rebound May soybean oil closed up 1.07 cents at 61.90 cents Thursday, helped by a new three-month high in May palm oil and reports of flooding in Malaysia. After a five-day sell-off, May soybeans rebounded a second day higher, finishing up 15 cents with active demand for soy products. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: May corn closed down 2 cents and December corn was up 1 1/4 cents. May soybeans closed up 15 cents and November soybeans were up 8 1/2 cents. May KC wheat closed up 9 3/4 cents, May Chicago wheat was up 2 3/4 cents and May Minneapolis wheat was up 12 3/4 cents.