DTN Closing Grain Comments 10/24 13:43
24 Oct 2024
DTN Closing Grain Comments 10/24 13:43 Grains Post Modest Gains on Bullish Export Demand It was a mixed session across agricultural commodities Thursday with corn posting marginal gains following outstanding sales reported for the week ended Oct. 17. Grains continue a solid rally from last Friday's lows. The move today was met with some selling pressure midmorning which tempered gains slightly, most likely in the form of producer hedging. Outside market influence was mixed Thursday, with the DJIA down a fourth consecutive session from its all-time high but the U.S. Dollar Index posting just its fourth down day in the month of October. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed up 2 1/2 cents and March corn was up 3 cents. November soybeans closed down 1 1/4 cents and March soybeans were up 1/4 cents. December KC wheat closed up 1 1/2 cents, December Chicago wheat was up 3 cents and December Minneapolis wheat was up 3 1/4 cents.