Despite Tuesday’s bearish plunge in corn, soybeans and meal, those markets finished strongly higher Wednesday. NATO said there was no proof of a Russian withdrawal and extended forecasts once again turned drier for southern Brazil and Argentina. Wheat, probably most impacted by the Russia situation, was mostly mixed.
GENERAL COMMENTS:
March corn closed up 9 cents per bushel and December corn was up 4 cents. March soybeans closed up 36 1/4 cents and November soybeans were up 23 1/2 cents. March KC wheat closed up 2 cents, March Chicago wheat was up 3/4 cent and March Minneapolis wheat was down 1 1/2 cents.
The March U.S. Dollar Index is trading down 0.293 at 95.700. The Dow Jones Industrial Average is down 57.46 points at 34,931.38. April gold is up $17.10 at $1,873.30, March silver is up $0.32 at $23.66 and March copper is up $0.0040 at $4.5355. March crude oil is up $1.52 at $93.59, March heating oil is down $0.0032, March RBOB is up $0.0070 and March natural gas is up $0.398.
