DTN Closing Grain Comments 11/30 13:56
30 Nov 2023
DTN Closing Grain Comments 11/30 13:56 Corn Rises on Improving Export Sales; KC Wheat Extends Rally on Fund Buying; Soy Fades March corn futures finally got a boost from Wednesday's new contract low, getting support from last week's improved export number and a solid year-over-year improvement in sales. Soybeans and products backed up a bit on Thursday, pressured by the falling bean and crude oil markets. Wheat extended the recovery for another day as technical buying and likely fund short-covering drove KC March nearly 50 cents higher than Tuesday's contract low. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 7 cents per bushel at $4.82 3/4, January soybeans are down 4 1/4 cents per bushel at $13.42 3/4. March KC wheat finished up 8 3/4 cents per bushel at $6.43, March Chicago wheat closed up 12 1/4 at $5.98, and Minneapolis March finished up 4 1/4 cents at $7.29 .