DTN Closing Grain Comments 09/28 13:52
Wheat Prices Rebound Wednesday, Supported by Growing Fears About Russia
December contracts of all three U.S. wheats posted double-digit gains
Wednesday with growing concerns Russia will not want to extend Ukraine's grain
deal in November. Row crops posted small gains as outside market fears relaxed
after the Bank of England said it would buy long-term bonds to help ease
financial strains at home.
DTN Lead Analyst
December corn closed up 3 cents and July corn was up 4 cents. November
soybeans closed up 3/4 cent and July soybeans were up 5 cents. December KC
wheat closed up 32 3/4 cents, December Chicago wheat was up 31 3/4 cents and
December Minneapolis wheat was up 29 1/4 cents. The December U.S. Dollar Index
is trading down 1.39 at 112.66. The Dow Jones Industrial Average is up 435.31
points at 29,570.30. December gold is up $33.60 at $1,669.80, December silver
is up $0.59 at $18.93 and December copper is up $0.1015. November crude oil is
up $3.43 at $81.93, November heating oil is up $0.1672, November RBOB gasoline
is up $0.0890 and November natural gas is up $0.208.
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