DTN Closing Grain Comments 11/01 13:47

DTN Closing Grain Comments 11/01 13:47 Grain Futures Display Uncertainty on First Day of November Grain prices day were heavily mixed Friday, with all three major crops showing early morning strength, but giving way to selling pressure throughout the session. Soybeans were the most volatile of the group, posting a 20-cent range on the January board and erasing early morning double-digit gains to close lower for the session. Soybean oil had a breakout session Friday by topping resistance at $45.29 while soybean meal set a new contract low to close the week. Outside markets were a mostly positive influence Friday with crude oil recovering throughout this week's trade to close its chart gaps. Most commodity boards were off their highs by the close Friday, displaying a great deal of uncertainty amongst traders, and caution about being long heading into what is likely the last big harvest weekend for U.S. crops. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed up 3 3/4 cents and March corn was up 3 1/4 cents. January soybeans closed down 3/4 cents and March soybeans were down 1 1/4 cents. December KC wheat closed down 2 1/2 cents, December Chicago wheat was down 2 1/2 cents and December Minneapolis wheat was down 4 1/2 cents.