DTN Closing Grain Comments 12/06 13:46
Soybeans, Soy Meal Finish With Losses, but Recover Some
Corn, soybeans and soybean meal were under pressure for much of Monday, with
corn bouncing back near unchanged and soybeans and meal finishing with solid
losses. There was not a lot of news to drive the markets Monday, other than
continued fallout from the new COVID variant and still-weak soybean demand.
Senior Market Analyst
December corn closed down 2 1/2 cents per bushel and March corn was down 1/2
cent. January soybeans closed down 5 3/4 cents and March soybeans were down 4
3/4 cents. March KC wheat closed down 1 3/4 cents, March Chicago wheat was up 2
1/2 cents and March Minneapolis wheat was up 7 1/4 cents. The December U.S.
Dollar Index is trading up 0.181 at 96.295. The Dow Jones Industrial Average is
up 726.31 points at 35,306.39. February gold is down $3.30 at $1,780.60, March
silver is down $0.18 at $22.30 and March copper is up $0.0740 at $4.3410.
January crude oil is up $2.96 at $69.22, January heating oil is up $0.0681,
January RBOB is up $0.0877 and January natural gas is down $0.478.
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