(Illustration by Nick Scalise)
OMAHA (DTN) — December corn is up 6 3/4 cents a bushel, soybeans are up 18 cents in November, KC wheat is up 32 1/4 cents in December, Chicago wheat is up 34 3/4 cents in December and Minneapolis wheat for December is up 22 1/2 cents. The Dow Jones Industrial Average is up 104.76 points and crude oil is down $0.43 a barrel in November. The US dollar index is up 0.340 and gold is down $28.80 an ounce in December. Grain and soybean markets have risen sharply, with wheat taking the lead after a series of aggressive missile attacks by Russia on Ukrainian targets in response to a blast damaging the Kerch Bridge over the weekend. Also, traders are expecting Wednesday’s WASDE report to unveil bullish corn and wheat data.
Posted on Sunday, October 9 at 7:05 pm — Wheat prices get an early boost after Sunday night’s open. KC December wheat is up 11 cents and Minneapolis December wheat is up 7 3/4 cents with another week of mostly dry weather in the southwestern plains, excluding central Texas. Corn in December is up 1 1/2 cents and soybeans are up 3 cents in November. The seven-day forecast calls for some rain around the Great Lakes, but not enough to disrupt crops and not enough to help the Mississippi. Crude oil in November is up $0.05 and Dow Jones futures are down 137 points with third quarter earnings reports due to start this week. US Dollar Index is up 0.02 and December Gold is down $5.20.
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