DTN Closing Grain Comments 01/28 14:01
Grains Finish Sharply Higher to Cap Strong Week
A solid finish to the week for the grains with sharp gains posted by corn,
soybeans and Minneapolis wheat. A strong energy sector added support. The U.S.
Dollar Index made fresh 18-month highs, but this didn't seem to deter most
commodity contracts. New contract highs were set in soybeans while corn sits
just below contract highs made last spring.
DTN Contributing Analyst
March corn closed up 10 3/4 cents per bushel and July corn was up 10 1/4
cents. March soybeans closed up 21 3/4 cents and July soybeans were up 20
cents. March KC wheat closed up 8 3/4 cents, March Chicago wheat was up 9 1/4
cents and March Minneapolis wheat was up 17 3/4 cents. The March U.S. dollar
index is trading up 0.038 at 97.280. The Dow Jones Industrial Average is down
339.82 points at 35,028.65. February gold is down $8.90 at $1,784.20, March
silver is down $0.43 at $22.25 and March copper is down $0.1220 at $4.3015.
March crude oil is down $0.00 at $86.61, March heating oil is down $0.0092,
March RBOB is up $0.0142 and March natural gas is up $0.326.
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