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DTN Closing Grain Comments 03/06 14:00

6 Mar 2024

DTN Closing Grain Comments 03/06 14:00 US Wheat Prices Fall to New Lows; Palm Oil Achieves Six-Month High May contracts of KC, Chicago and French wheat prices fell to new lows Wednesday, influenced by bearish news from Algeria and Egypt. Row crop prices were steady to lower and May soybean oil ended with a modest gain after May palm oil prices achieved their highest level in six months. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: May corn closed up 2 1/2 cents and December corn was up 1 3/4 cents. May soybeans closed down 3/4 cent and November soybeans were down 2 cents. May KC wheat closed down 13 cents, May Chicago wheat was down 20 cents and May Minneapolis wheat was down 10 1/4 cents.

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