Even though the much-rumored new soy business with China did not show up in Tuesday’s 8 a.m. sales, soybeans rose to solid gains for the fourth straight day, fueled by resurgent meal futures. Corn was firm early, but ended a few cents lower and failed to rally above the 50-day average. Wheat markets finished mixed, with Minneapolis settling just under the recent high.
GENERAL COMMENTS:
December corn closed down 2 1/2 cents per bushel and March corn was down 1 1/2 cents. November soybeans closed up 6 1/2 cents and January soybeans were up 8 cents. December KC wheat closed down 3/4 cent, December Chicago wheat was down 1/4 cent and December Minneapolis wheat was up 7 1/4 cents.
The December U.S. Dollar Index is trading down 0.245 at 93.700. The Dow Jones Industrial Average is up 147.16 points at 35,405.77. December gold is up $4.50 at $1,770.20, December silver is up $0.52 at $23.78 and December copper is down $0.0260 at $4.6995. December crude oil is up $0.82 at $82.51, November heating oil is up $0.0137, December RBOB is down $0.0009 and November natural gas is up $0.097.
