DTN Closing Grain Comments 11/29 13:41
Kansas City Wheat Soars Second Straight Day; Corn Sets a New Low Again in
Following the Tuesday new low in KC March wheat and the subsequent key
reversal, wheat futures surged again Wednesday, perhaps signaling the bottom is
in. In dull trade, corn futures reached a new low for the third consecutive day
in slow trade before finishing a few cents higher. Soybeans and soy products
were modestly lower after soybeans and bean oil closed strong the previous day.
Senior Market Analyst
March corn closed up 2 1/4 cents per bushel, January soybeans were up 1/2
cent per bushel. March KC wheat closed up 16 1/2 cents per bushel, March
Chicago wheat was up 13 3/4 cents per bushel and March Minneapolis wheat
settled up 12 cents.
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