DTN Closing Grain Comments 03/07 13:48
7 Mar 2024
DTN Closing Grain Comments 03/07 13:48 Crop Prices Bounce Higher Ahead of Friday's WASDE Report May contracts of corn, soybeans, KC and Minneapolis wheat closed higher for a variety of reasons, including traders likely lightening short positions ahead of Friday's WASDE report. May Chicago wheat was the lone loss in the crop sector, ending down 2 1/2 cents after China reneged on a previous purchase of 4.8 million bushels of soft red winter wheat. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: May corn closed up 9 1/4 cents and December corn was up 8 cents. May soybeans closed up 18 cents and November soybeans were up 11 1/2 cents. May KC wheat closed up 18 1/2 cents, May Chicago wheat was down 2 1/2 cents and May Minneapolis wheat was up 9 1/2 cents.