DTN Closing Grain Comments 10/07 13:50
7 Oct 2024
DTN Closing Grain Comments 10/07 13:50 Wheat Recovers Monday; Bean Oil Rises; Corn, Soy Mixed in Quiet Trade Wheat markets recovered from early weakness to close higher Monday. Soybean oil got a boost from stronger palm and crude oil markets. Corn and soybeans traded on both sides of unchanged with soybeans weaker on the falling soymeal market and the expanding harvest. A clear harvest forecast in the U.S. and a wetter forecast for northern Brazil weighed on values. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 1 1/4 cents per bushel at $4.26 and March corn was up 1 cent at $4.42 3/4. November soybeans closed down 3 3/4 cents at $10.34 0/1 and January soybeans were down 3 1/2 cents at $10.52 1/2. December KC wheat closed up 5 1/4 cents at $6.03 1/4, December Chicago wheat was up 2 3/4 cents at $5.92 1/2 and December Minneapolis wheat was up 5 3/4 cents at $6.44 1/4.