Grain and soybean markets finished very firm Friday, led by soybeans and Minneapolis wheat. Three new soybean sales were announced, sold to a combination of China and unknown destinations. Minneapolis wheat surged higher again, scoring another new contract high on tightening wheat supplies. U.S. corn and soy are the world’s cheapest currently.
GENERAL COMMENTS:
December corn closed up 9 cents per bushel and March corn was up 8 1/2 cents. November soybeans closed up 11 1/2 cents and January soybeans were up 10 3/4 cents. December KC wheat closed up 12 3/4 cents, December Chicago wheat was up 9 1/4 cents and December Minneapolis wheat was up 8 cents.
The December U.S. Dollar Index is trading up 0.019 at 93.980. The Dow Jones Industrial Average is up 398.00 points at 35,310.56. December gold is down $29.80 at $1,768.10, December silver is down $0.13 at $23.35 and December copper is up $0.0870 at $4.7185. November crude oil is up $0.85 at $82.16, November heating oil is up $0.0093, November RBOB is up $0.0496 and November natural gas is down $0.264.
