DTN Closing Grain Comments 04/19 14:09
19 Apr 2023
DTN Closing Grain Comments 04/19 14:09 Risk-Off Selling Hits Grain Prices Wednesday Prices across the grain sector and most of the commodity board were all red Wednesday, a display of risk-off selling as traders remain leery of another rate hike on May 3. March consumer prices were reported well above central banks' target levels in the Eurozone and U.K., suggesting higher interest rates ahead. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed down 8 cents and December corn was down 8 cents. July soybeans closed down 12 1/4 cents and November soybeans were down 11 cents. July KC wheat closed down 18 1/2 cents, July Chicago wheat was down 16 3/4 cents and September Minneapolis wheat was down 18 cents.