DTN Closing Grain Comments 12/14 13:50
14 Dec 2023
DTN Closing Grain Comments 12/14 13:50 Corn Little Changed; Soybeans Firm; Wheat Gets Boost From Plunging Dollar Grain and soy markets were very firm early Wednesday as the U.S. Dollar Index fell to the lowest level since early August. However, all the markets set back from the morning high early and then recovered, with only corn ending near unchanged. Export sales were impressive on wheat, as expected, with the 41 mb of China soft red purchases helping to send wheat sales to the highest since June 2020. Corn sales continued to move in the right direction as well. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed down 1/4 cent per bushel, January soybeans were up 6 1/2 cents per bushel. March KC wheat finished up 4 1/2 cents per bushel, March Chicago wheat was up 10 1/2 cents per bushel and March Minneapolis wheat closed up 3 3/4 cents.