(Illustration by Nick Scalise)
OMAHA (DTN) – March corn rose 1 1/2 cents per bushel, March soybeans rose 7 3/4 cents per bushel. March KC wheat is down 1 1/4 cents per bushel, March Chicago wheat is down 4 1/4 cents per bushel and March Minneapolis wheat is down 2 1/4 cents. The Dow Jones Industrial Average rose 5.83 points to 38,677.52, the U.S. dollar index rose 0.070 to 104.18 and March crude oil fell $0.16 a barrel to $76.68. Early Monday is quiet, corn, soybeans and soymeal are solid initially, wheat and bean oil are mostly low. Both China and South America are celebrating holidays this week, causing some volume to be lost. In South America the weather remains predominantly bearish.
Posted 7:06 p.m. (02/11) – After opening hours Sunday evening, March corn was up 3/4 cent and March soybeans were up 1 1/4 cent. Rain showers are expected to weaken in central Brazil this week, which will have a positive impact on soybean and corn crops. In southern Brazil and Argentina, crops will benefit from better rain coverage this week. March KC wheat is up 1/2 cent and March Minneapolis wheat is down 1/4 cent. The Oklahoma and Texas Panhandle are currently experiencing a mix of snow and rain. March crude oil prices fell $0.45 and Dow Jones futures rose 12 points. The US Dollar Index fell by 0.13 and gold prices for April rose by $1.90. Markets in China are closed this week for the Lunar New Year. The 49ers lead 10-0 with a minute left in the first half.
(c) Copyright 2024 DTN, LLC. All rights reserved.
Comments are closed.