July contracts of corn and soybeans both closed at new highs Wednesday, propelled by a surge of demand throughout the U.S. All three U.S. wheats also closed higher, supported by Wednesday’s cold temperatures and lack of rain in the forecast.
July corn closed up 14 1/2 cents and December corn was up 8 cents. July soybeans closed up 21 3/4 cents and November soybeans were up 10 3/4 cents. July KC wheat closed up 9 3/4 cents, July Chicago wheat was up 13 3/4 cents and July Minneapolis wheat was up 9 1/4 cents. The June U.S. Dollar Index is trading down 0.10 at 91.13. The Dow Jones Industrial Average is up 259.01 points at 34,080.31. June gold is up $13.80 at $1,792.20, May silver is up $0.75 at $26.59 and May copper is up $0.070. June crude oil is down $1.27 at $61.40, June heating oil is down $0.0252, June RBOB gasoline is down $0.0322 and June natural gas is down $0.034.