DTN Closing Grain Comments 01/18 14:33
Wheat Prices Rebound; Soybean Meal Sinks
March contracts of all three U.S. wheats showed strong positive gains
Tuesday, partly related to growing concerns about Russia threatening Ukraine.
Meanwhile, March soybean meal fell $15.50 after Argentina received rain over
the weekend and has more expected in this week's forecast.
DTN Lead Analyst
March corn closed up 3 1/4 cents and July corn was up 3 cents. March
soybeans closed down 8 1/2 cents and July soybeans were down 9 cents. March KC
wheat closed up 27 3/4 cents, March Chicago wheat was up 27 1/2 cents and March
Minneapolis wheat was up 28 3/4 cents. The March U.S. Dollar Index is trading
up 0.52 at 95.69. The Dow Jones Industrial Average is down 500.05 points at
35,411.76. February gold is down $2.10 at $1,814.40, March silver is up $0.63
at $23.55 and March copper is down $0.0240. March crude oil is up $1.34 at
$85.16, March heating oil is up $0.0367, March RBOB gasoline is up $0.0077 and
March natural gas is up $0.019.
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