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DTN Closing Grain Comments 01/14 13:54
Corn Quietly Sneaks Higher Friday As Other Grains Fall
March corn started a little lower Friday, but by the end of the day closed
up 8 3/4 cents -- one of only two grain-related contracts to post a higher
close for the day. Soybeans, meal and all three wheats saw another day of lower
prices with rain in the forecast for southern South America.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 8 3/4 cents and July corn was up 5 3/4 cents. March
soybeans closed down 7 1/2 cents and July soybeans were down 8 3/4 cents. March
KC wheat closed down 14 3/4 cents, March Chicago wheat was down 5 1/4 cents and
March Minneapolis wheat was down 17 1/4 cents. The March U.S. Dollar Index is
trading up 0.42 at 95.19. The Dow Jones Industrial Average is down 336.39
points at 35,777.23. February gold is down $4.00 at $1,817.40, March silver is
down $0.23 at $22.94 and March copper is down $0.1180. February crude oil is up
$1.68 at $83.80, February heating oil is up $0.0245, February RBOB gasoline is
up $0.0361 and February natural gas is up $0.016.
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