DTN Grain Close: Mixed as Soybean Oil Heads South

©Debra L Ferguson Stock Photography

November soybeans fell 30 1/4 cents lower Wednesday, pulled down by a 3.50-cent limit drop in July soybean oil and ongoing concerns the White House may ease biofuels mandates. September Minneapolis wheat closed up 11 1/4 cents, supported by a lack of rain in the seven-day forecast for spring wheat areas.

GENERAL COMMENTS:

July corn closed up 5 1/2 cents and December corn was down 1 1/4 cents. July soybeans closed down 17 1/4 cents and November soybeans were down 30 1/4 cents. July KC wheat closed down 2 cents, July Chicago wheat was up 1 1/4 cents and September Minneapolis wheat was up 11 1/4 cents.

The September U.S. Dollar Index is trading up 0.52 at 91.03. The Dow Jones Industrial Average is down 278.67 points at 34,020.66. August gold is down $19.20 at $1,837.20, July silver is down $0.26 at $27.44 and July copper is down $0.0185. July crude oil is down $0.25 at $71.87, July heating oil is down $0.0131, July RBOB gasoline is down $0.0220 and July natural gas is up $0.012.

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