DTN Grain Close: Bull Spreading Lifts Soybeans Higher

Midseason soybean field. Photo: University of Minnesota

August soybeans closed up 11 3/4 cents Monday, expanding its premium over the September contract to 50 1/4 cents with first notice day set for Friday. December soybean oil closed up 0.84 cent with help from higher closes in canola and palm oil.

GENERAL COMMENTS:

September corn closed up 2 1/2 cents and December corn was up 3 3/4 cents. August soybeans closed up 11 3/4 cents and November soybeans were up 6 cents. September KC wheat closed down 7 cents, September Chicago wheat was down 7 cents and September Minneapolis wheat was down 4 3/4 cents.

The September U.S. Dollar Index is trading down 0.32 at 92.61. The Dow Jones Industrial Average is up 54.54 points at 35,116.09. August gold is down $5.70 at $1,796.10, September silver is down $0.01 at $25.23 and September copper is up $0.1920. September crude oil is up $0.04 at $72.11, September heating oil is up $0.0172, September RBOB gasoline is up $0.0166 and September natural gas is up $0.043.

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