DTN Grain Close: Winter Wheat, Soybean Oil Lead Markets Higher

September contracts of winter wheat and December soybean oil were the leading percentage gainers among Thursday’s higher grain closes. There is still not much rain for U.S. row crops in the seven-day forecast and Europe is encountering the opposite problem with too much rain disrupting the wheat harvest.

GENERAL COMMENTS:

September corn closed up 8 3/4 cents and December corn was up 7 1/2 cents. September soybeans closed up 15 cents and November soybeans were up 16 3/4 cents. September KC wheat closed up 15 cents, September Chicago wheat was up 16 1/2 cents and September Minneapolis wheat was up 14 3/4 cents.

The September U.S. Dollar Index is trading down 0.44 at 91.88. The Dow Jones Industrial Average is up 216.05 points at 35,146.98. August gold is up $30.40 at $1,830.10, September silver is up $0.85 at $25.73 and September copper is up $0.0485. September crude oil is up $0.98 at $73.37, September heating oil is up $0.0295, September RBOB gasoline is up $0.0369 and September natural gas is up $0.099.

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