DTN Closing Grain Comments 06/24 13:47
Grains Mixed as Rain Appears, China Buys More Soybeans
December corn fought back from a lower start to close 1/4-cent higher
Thursday, even though some of the long-anticipated rain started to show up in
the Central Corn Belt. November soybeans closed down 8 1/2 cents, influenced by
another lower close in soybean meal, but also given a little support from a
14.4 mb soybean sale announcement, part of which was to China.
DTN Lead Analyst
July corn closed down 11 cents and December corn was up 1/4 cent. July
soybeans closed down 13 3/4 cents and November soybeans were down 8 1/2 cents.
September KC wheat closed down 6 1/4 cents, September Chicago wheat was down 11
3/4 cents and September Minneapolis wheat was up 3 cents. The September U.S.
Dollar Index is trading up 0.01 at 91.79. The Dow Jones Industrial Average is
up 341.89 points at 34,216.13. August gold is down $6.90 at $1,776.50, July
silver is down $0.07 at $26.05 and July copper is down $0.0065. August crude
oil is up $0.09 at $73.17, August heating oil is down $0.0003, August RBOB
gasoline is up $0.0106 and August natural gas is up $0.082.
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