DTN Closing Grain Comments 07/30 14:06
Rain on the Plains Makes Grain Prices Wane
December corn fell 11 1/4 cents and November soybeans were down 29 3/4 cents
Friday, but both settled slightly above their 100-day averages to finish the
week. Outside markets exerted bearish influence, but most of Friday's selling
was likely related to rain in the northwestern Plains.
DTN Lead Analyst
September corn closed down 11 cents and December corn was down 11 1/4 cents.
August soybeans closed down 19 1/2 cents and November soybeans were down 28 1/2
cents. September KC wheat closed down 1 1/4 cents, September Chicago wheat was
down 1 1/2 cents and September Minneapolis wheat was down 13 3/4 cents. The
September U.S. Dollar Index is trading up 0.31 at 92.18. The Dow Jones
Industrial Average is down 160.30 points at 34,924.23. August gold is down
$18.60 at $1,812.60, September silver is down $0.28 at $25.51 and September
copper is down $0.0430. September crude oil is up $0.52 at $74.14, September
heating oil is up $0.0107, September RBOB gasoline is up $0.0164 and September
natural gas is down $0.153.
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