DTN Closing Grain Comments 11/06 13:38
6 Nov 2024
DTN Closing Grain Comments 11/06 13:38 Grains Mixed, Outside Markets Volatile in Post-Election Trade Markets in general came out of the gates Wednesday with a very explosive tone following former President Trump's reclamation of the Oval Office in Tuesday's election. Outside markets were mixed with a very strong U.S. dollar providing pressure to commodities. But stock market indices skyrocketed with the DJIA reclaiming all of its losses from October's selloff in just a few hours to set a new all-time high. Grains were more of a mixed bag with corn maintaining its solid pace higher, while soybeans rebounded from 19 3/4 cent losses in the overnight trade to close slightly higher. Wheat futures remain mixed and rangebound. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed up 7 3/4 cents and March corn was up 7 cents. January soybeans closed up 2 cents and March soybeans were down 0 cents. December KC wheat closed down 2 3/4 cents, December Chicago wheat was up 3/4 cents and December Minneapolis wheat was down 4 3/4 cents.