DTN Closing Grain Comments 10/01 13:51
1 Oct 2024
DTN Closing Grain Comments 10/01 13:51 Wheat, Soybean Meal Surge With Corn Firmer, Soybean Oil Weaker Wheat and soybean meal markets took off Tuesday. Wheat got a boost from a strong Paris milling wheat market and the ongoing dryness in Russian wheat areas. October soymeal rallied for the third consecutive day to the highest level since mid-June. Corn and soy markets were firmer for much of the day with December corn finding little chart resistance above $4.23. Soybeans and bean oil, after rallying midsession set back late. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 4 1/4 cents per bushel at $4.29 and March corn was up 5 1/4 cents at $4.46 1/2. November soybeans closed up 1/4 cent at $10.57 1/4 and January soybeans were up 1/4 cent at $10.75 1/2. December KC wheat closed up 14 1/2 cents at $5.98 1/4, December Chicago wheat was up 15 cents at $5.99 0/1 and December Minneapolis wheat was up 13 cents at $6.34 3/4.