DTN Closing Grain Comments 03/17 14:01
Wheat Prices Higher, Soybeans Lower to End Nervous Week
May KC wheat closed up 16 cents and May soybeans finished down 15 cents
Friday, likely the result of noncommercials lightening positions in both
commodities after a week dominated by concerns of instability in the financial
sector. May corn was up 1 1/2 cents after USDA announced a fourth consecutive
sale of old-crop corn to China.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
May corn closed up 1 1/2 cents and December corn was up 2 3/4 cents. May
soybeans closed down 15 cents and November soybeans were down 11 cents. May KC
wheat closed up 16 cents, May Chicago wheat was up 11 1/2 cents and May
Minneapolis wheat was up 11 3/4 cents.
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