DTN Closing Grain Comments 01/27 13:45
Soybeans Surge on Falling South American Crop Ideas; Wheat Extends Losses
Spot March and new-crop November soybean futures each scored new contract
highs Thursday with March rising to the highest level since August 2021.
Soybean oil also scored a new high, helped by the crude oil market, which had
eclipsed $88 per barrel. Wheat futures closed sharply lower again on a slight
easing of the Russia-Ukraine conflict and beneficial moisture in the Southern
Senior Market Analyst
March corn closed down 1 3/4 cents per bushel and December corn was down 6
cents. March soybeans closed up 8 1/4 cents and November soybeans were up 4
cents. March KC wheat closed down 22 1/4 cents, March Chicago wheat was down 18
cents and March Minneapolis wheat was down 13 cents. The March U.S. Dollar
Index is trading up 0.815 at 97.215. The Dow Jones Industrial Average is down
87.70 points at 34,080.39. February gold is down $35.90 at $1,793.80, March
silver is down $1.11 at $22.70 and March copper is down $0.1040 at $4.4110.
March crude oil is down $0.60 at $86.75, March heating oil is up $0.0274, March
RBOB is down $0.0001 and March natural gas is up $0.269.
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