DTN Closing Grain Comments 04/03 13:42
3 Apr 2024
DTN Closing Grain Comments 04/03 13:42 Wheat Flies Higher; Corn and Soy Markets also Finish Strong In slow early trade Wednesday, all three wheat markets moved sharply higher by the closing bell. There was little in the way of fresh news to drive the markets other than some weather concerns. Warm and mostly dry conditions are expected in the U.S. southern Plains and Black Sea wheat areas, including southern Russia. Corn bounced in quiet trade while soybeans, soymeal and bean oil shrugged off early weakness to finish with solid gains. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: May corn finished up 5 1/4 cents per bushel, May soybeans were up 8 1/4 cents per bushel. May KC wheat closed up 17 1/4 cents per bushel, May Chicago wheat ended up 10 3/4 cents per bushel and May Minneapolis wheat settled up 13 3/4 cents.