DTN Closing Grain Comments 09/22 13:48
Grains Overcome Phony Numbers, Close Higher Wednesday
December contracts of corn and soybean oil sold lower briefly after false
rumors circulated that RFS renewable volume obligations had been released.
Rumors aside, nearly all grain contracts closed higher Wednesday, along with
U.S. stocks and most commodities.
DTN Lead Analyst
December corn closed up 8 1/2 cents, and March corn was up 8 cents. November
soybeans closed up 8 3/4 cents, and March soybeans were up 8 cents. December KC
wheat closed up 15 1/2 cents, December Chicago wheat was up 15 1/2 cents and
December Minneapolis wheat was up 15 3/4 cents. The December U.S. Dollar Index
is trading down 0.13 at 93.07. The Dow Jones Industrial Average is up 485.16
points at 34,405.0. December gold is up $6.40 at $1,784.60, December silver is
up $0.45 at $23.07 and December copper is up $0.1380. November crude oil is up
$1.60 at $72.09, November heating oil is up $0.0359, November RBOB gasoline is
up $0.0227, and November natural gas is up $0.007.
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