DTN Grain Close: Corn Takes Lead as Markets Rally

    Corn harvest. ©Debra L Ferguson Stock Photography

    In somewhat quiet trade, Corn, wheat and soy all rejected early weakness to close higher, with corn the strongest. U.S. corn and soybeans are the world’s cheapest offer. Wheat continues to gain ground on tightening U.S. and world stocks, although Minneapolis set back a penny.

    GENERAL COMMENTS:

    December corn closed up 7 cents per bushel and March corn was up 6 1/4 cents. November soybeans closed up 3 3/4 cents and January soybeans were up 2 3/4 cents. December KC wheat closed up 5 1/4 cents, December Chicago wheat was up 2 1/4 cents and December Minneapolis wheat was down 1 cent.

    The December U.S. Dollar Index is trading down 0.013 at 93.925. The Dow Jones Industrial Average is down 67.31 points at 35,227.45. December gold is down $1.00 at $1,767.30, December silver is down $0.07 at $23.28 and December copper is down $0.0150 at $4.7145. November crude oil is up $0.08 at $82.36, November heating oil is down $0.0278, November RBOB is down $0.0032 and November natural gas is down $0.414.

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