DTN Closing Grain Comments 09/15 13:44
Grains, Soybeans and Bean Oil Surge; Crude Oil Eclipses $73
Grain and soybean markets rose in unison on Wednesday, led by wheat, corn
and soybean oil, with the latter two no doubt helped by the surging crude oil
market, and strong world veg oils. Soybeans closed solidly higher, but were a
bit more subdued, as a net cancellation of 328,000 metric tons (12 million
bushels) was announced to China and unknown destinations.
Senior Market Analyst
December corn closed up 13 1/4 cents per bushel and December corn was up 13
1/4 cents. November soybeans closed up 12 cents and November soybeans were up
12 cents. December KC wheat closed up 14 1/4 cents, December Chicago wheat was
up 11 1/2 cents and December Minneapolis wheat was up 15 1/2 cents.
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