DTN Grain Close: Soy Complex Leads Ag Futures Lower

    Mature soybean pods ready for harvest. ©Debra L Ferguson

    One day after several veg oil markets scored new contract highs, a correction has begun, with a weakening crude oil market leading to a veg oil market correction. Corn, soybeans and wheat were also under selling pressure, as the much-talked-about new China demand for wheat and soybeans has yet to be confirmed.

    GENERAL COMMENTS:

    December corn closed down 7 cents per bushel and March corn was down 6 1/4 cents. November soybeans closed down 21 1/2 cents and January soybeans were down 21 1/2 cents. December KC wheat closed down 12 cents, December Chicago wheat was down 8 cents and December Minneapolis wheat was down 3 3/4 cents.

    The December U.S. Dollar Index is trading up 0.210 at 93.745. The Dow Jones Industrial Average is down 109.55 points at 35,499.79. December gold is down $3.80 at $1,781.10, December silver is down $0.32 at $24.13 and December copper is down $0.1815 at $4.5530. December crude oil is down $1.01 at $82.41, December heating oil is down $0.0447, December RBOB is down $0.0285 and November natural gas is down $0.040.

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