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DTN Closing Grain Comments 08/21 14:14
Wheat and Soybean Oil Correct Friday; Corn Strong While Soybeans, Meal Firm
On a day of slow trade, wheat markets and soybean oil leaked lower,
correcting from recent gains. Corn was firm for much of the day, and soybeans
were little changed in two-sided trade. New soybean sales of nearly 53 million
bushels (mb) split between China and unknown destinations had little impact on
trade. The Midwest crop tour finishes later Friday with some yield indications.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed up 5 cents per bushel at $5.08 1/2 and March closed up
5 1/4 cents per bushel at $5.23 1/2 and November soybeans closed up 3 cents at
$12.39 1/2 and March soybeans were up 1 3/4 cents at $12.59. December KC wheat
closed down 4 cents at $7.72 1/2, December Chicago wheat was down 3/4 cent at
$6.99 1/4 and December MIAX wheat was down 0.03 cents at $7.2450.
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