DTN Grain Close: Renewed Buying in Soy Meal Helps Row Crops End Higher

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    January soybean meal closed up $9.80 Friday and was the leading percentage gainer in the grain sector, encouraging corn and soybean prices to higher closes. All three U.S. wheats suffered double-digit losses, influenced by news of a possible export quota coming to Russia.

    GENERAL COMMENTS:

    March corn closed up 7 1/4 cents and July corn was up 6 1/2 cents. January soybeans closed up 23 cents and March soybeans were up 21 1/4 cents. March KC wheat closed down 18 cents, March Chicago wheat was down 11 1/4 cents and March Minneapolis wheat was down 27 3/4 cents.

    The December U.S. Dollar Index is trading down 0.13 at 96.03. The Dow Jones Industrial Average is down 316.64 points at 34,323.15. February gold is up $20.70 at $1,783.40, March silver is up $0.17 at $22.49 and March copper is down $0.0315. January crude oil is down $0.54 at $65.96, January heating oil is down $0.0141, January RBOB gasoline is down $0.0272 and January natural gas is up $0.106.

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