DTN Closing Grain Comments 10/03 13:47
Grain, Soy Markets Correct From Recent Sharp Gains; Bean Oil Rises With
Crude
Grain and soy markets -- except soybean oil -- set back Thursday in a bout
of profit-taking after the recent rally which saw wheat and corn markets close
higher for four consecutive days. A mostly clear weather outlook in the U.S.
for the advancing harvest and the potential for South America to receive some
much-needed and possibly heavy rain, along with the higher dollar pressured
markets.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed down 4 1/4 cents per bushel at $4.28 1/4 and March corn
was down 4 cents at $4.46 0/1. November soybeans closed down 10 cents at $10.46
0/1 and January soybeans were down 9 3/4 cents at $10.64 1/2. December KC wheat
closed down 7 3/4 cents at $6.11 1/2, December Chicago wheat was down 11 3/4
cents at $6.03 1/2 and December Minneapolis wheat was down 2 3/4 cents at $6.46
1/4.
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