DTN Closing Grain Comments 11/04 13:46
4 Nov 2024
DTN Closing Grain Comments 11/04 13:46 Grain Markets Strong out of the Gate to Start WASDE Week Grain markets enjoyed a very strong Monday morning before enthusiasm from buyers faded slightly by noon. Despite this, the three major crops all managed to finish higher for the session. Friday's USDA crop production and supply and demand estimates will be on the front of traders' minds this week as they will see how the government wants to figure the recent strong demand performance into the balance sheets, and also how production fared with 2024 harvest pretty much wrapped up. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed up 2 cents and March corn was up 3/4 cents. January soybeans closed up 3 1/2 cents and March soybeans were up 3 1/2 cents. December KC wheat closed up 4 1/4 cents, December Chicago wheat was up 3/4 cents and December Minneapolis wheat was up 5 3/4 cents.