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DTN Closing Grain Comments 11/18 13:46
Row Crops Quiet as Traders Book Profits, Fall From Rally Highs
It was a return to low volume, slow news trade on Tuesday across row-crop
futures with prices chopping on either side of unchanged but falling from early
highs, which were the highs for the rally thus far for the soybean market. It
is likely traders saw the need to lock in some profits following confirmation
of rumored soybean purchases by China on Monday. In outside markets, diesel
prices continue to push higher, positively influencing soybean oil futures,
which have surged higher through the first half of the week. In financial
markets, equities are under heavy pressure to start the week, led by AI bubble
fears. Meanwhile, the potential for money flow out of equities and into
commodities as a hedge against inflation may be a story of growing importance
to watch through the end of 2025 and into 2026.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed up 2 cents and March corn was up 1 1/2 cents. January
soybeans closed down 3 3/4 cents and March soybeans were down 3 cents. December
KC wheat closed down 2 1/2 cents, December Chicago wheat was up 2 1/4 cents,
December MIAX Minneapolis wheat was up 9 cents.
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