DTN Closing Grain Comments 05/06 14:04
New-Crop Soybeans Charge Higher, Break Above $14
November soybeans closed up 26 1/4 cents at $14.09 Thursday, showing concern
about being able to meet demand in the new 2021-22 season. July canola was the
other star of the grain sector, trading up 3.2% at a new all-time high and
helping soybean oil to a higher close.
DTN Lead Analyst
July corn closed up 10 1/4 cents and December corn was up 20 3/4 cents. July
soybeans closed up 27 1/4 cents and November soybeans were up 26 1/4 cents.
July KC wheat closed up 9 3/4 cents, July Chicago wheat was up 8 3/4 cents and
July Minneapolis wheat was up 8 1/2 cents. The June U.S. Dollar Index is
trading down 0.35 at 90.95. The Dow Jones Industrial Average is up 145.20
points at 34,375.54. June gold is up $29.80 at $1,814.10, July silver is up
$0.91 at $27.44 and July copper is up $0.0765. June crude oil is down $1.00 at
$64.63, June heating oil is down $0.0151, June RBOB gasoline is down $0.0394
and June natural gas is down $0.010.
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