DTN Grain Close: 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.

GENERAL COMMENTS:

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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