DTN Grain Close: Minneapolis Wheat Surges on Tour Yield Estimates

Photo: Kansas State University

The day one findings of the Wheat Quality Council’s Spring Wheat Tour found current yields for North Dakota to be 29.5 bpa, 32% below the 5-year average. Minneapolis wheat surged on that news and the 10-day dry forecast for the Northern Plains. Corn and soybeans finished just slightly higher in quiet trade.

GENERAL COMMENTS:

December corn closed up 2 3/4 cents per bushel, November soybeans finished up 1 1/2 cents, September KC wheat closed up 18 cents, September Chicago wheat was up 14 1/4 cents and September Minneapolis wheat settled up 27 3/4 cents. The September U.S. Dollar Index is trading up 0.064 at 92.500.

The Dow Jones Industrial Average is down 100.65 points at 34,957.87. August gold is down $3.00 at $1,796.80, September silver is up $0.22 at $24.87 and September copper is down $0.0800 at $4.4645. September crude oil is up $0.77 at $72.42, September heating oil is up $0.0132, September RBOB is up $0.0015 and September natural gas is up $0.026.

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