DTN Closing Grain Comments 08/12 14:36
Corn Prices Respond to Lower USDA Crop Estimate With Higher Close
December corn closed up 14 1/2 cents at $6.42 1/4 Friday, a new one-month
closing high after USDA estimated a smaller crop in 2022. November soybeans
were higher with another boost by soybean meal demand and wheats were mixed to
DTN Lead Analyst
September corn closed up 10 1/2 cents and December corn was up 14 1/2 cents.
August soybeans closed down 40 1/4 cents and November soybeans were up 5 3/4
cents. September KC wheat closed unchanged, September Chicago wheat was down 4
3/4 cents and September Minneapolis wheat was down 2 1/4 cents. The September
U.S. Dollar Index is trading up 0.51 at 105.50. The Dow Jones Industrial
Average is up 295.03 points at 33,631.70. August gold is up $10.10 at
$1,817.30, September silver is up $0.40 at $20.75 and September copper is down
$0.0315. September crude oil is down $2.23 at $92.11, September heating oil is
up $0.0346, September RBOB gasoline is down $0.0267 and September natural gas
is down $0.108.
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