DTN Closing Grain Comments 07/03 13:51
3 Jul 2024
DTN Closing Grain Comments 07/03 13:51 Soybean Oil Soars Again to a Sixth Consecutive Higher Finish, Bringing Soybeans Along for the Ride Once again it was soybean oil that was the bullish leader, rising to a sixth straight higher close. Soybeans surged as well, with November soybeans rising more than 25 cents above Monday's contract low. Wheat and corn, in quiet trade, were mixed to mostly lower ahead of Thursday's Independence Day holiday. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 1 3/4 cents per bushel, November soybeans were up 8 1/2 cents per bushel. September KC wheat finished down 8 3/4 cents per bushel, September Chicago wheat was down 7 cents per bushel and September Minneapolis wheat closed down 8 1/4 cents.