DTN Grain Open: Spring Wheat Breaks Above $8; Row Crops Await Rain

September Minneapolis wheat closed up 19 1/2 cents Wednesday, above $8.00 again with ongoing support from drought in the northwestern U.S. Plains and little chance for rain. Meanwhile, December corn and November soybeans were held to lower closes with widespread rains on their way to the Midwest.

GENERAL COMMENTS:

July corn closed up 4 1/2 cents and December corn was down 3 1/4 cents. July soybeans closed down 9 1/2 cents and November soybeans were down 2 cents. July KC wheat closed up 14 3/4 cents, July Chicago wheat was up 8 3/4 cents and September Minneapolis wheat was up 19 1/2 cents.

The September U.S. Dollar Index is trading up 0.03 at 91.78. The Dow Jones Industrial Average is down 23.37 points at 33,922.21. August gold is up $1.90 at $1,779.30, July silver is up $0.13 at $25.99 and July copper is up $0.0895. August crude oil is up $0.16 at $73.01, August heating oil is up $0.0062, August RBOB gasoline is up $0.0370 and August natural gas is up $0.072.

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