| |
DTN Closing Grain Comments 06/26 13:48
Wheat Continues to Slide, Anchors Corn and Beans to Close Week
Wheat futures continued to face heavy trader selling as harvesting efforts
look to pick up on winter crops around the Northern Hemisphere. Corn and
soybeans were more resilient to close the week, but ultimately, the bearish
influence from wheat as well as another day of softer energy prices kept a lid
on price potential heading into the weekend. Equity markets are quietly higher
on Friday, with the Dow Jones off fresh record highs Thursday. The U.S. Dollar
Index has eased to close the week after surging to 13-month highs at midweek, a
contributing factor in wheat price pressure.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed down 2 cents and December corn was down 1 1/2 cents. July
soybeans closed down 1 1/4 cents and November soybeans were down 3/4 cents.
July KC wheat closed down 9 1/2 cents, July Chicago wheat was down 12 3/4
cents, July MIAX Minneapolis wheat was down 11 3/4 cents.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
|
|