DTN Closing Grain Comments 12/02 13:59
Corn, Wheat Finish Bearish Week With Lower Friday Closes
Noncommercial selling dominated Friday's grain markets, taking March
contracts of corn and all three U.S. wheats to double-digit losses, along with
a 2.16 cent drop in January soybean oil. If there was a theme to the day, it
was a disappointment of demand that January soybeans and meal escaped.
DTN Lead Analyst
March corn closed down 14 1/4 cents and July corn was down 9 3/4 cents.
January soybeans closed up 8 3/4 cents and July soybeans were up 10 cents.
March KC wheat closed down 19 1/2 cents, March Chicago wheat was down 22 cents
and March Minneapolis wheat was down 16 3/4 cents. The December U.S. Dollar
Index is steady at 104.69. The Dow Jones Industrial Average is down 104.58
points at 34,290.43. February gold is down $6.00 at $1,809.20, March silver is
up $0.50 at $23.34 and March copper is up $0.0350. January crude oil is down
$1.34 at $79.88, January ultra-low sulfur diesel is down $0.1039, January RBOB
gasoline is down $0.0666 and January natural gas is down $0.430.