DTN Closing Grain Comments 11/26 13:09
Grains Survive Bearish Influence on Black Friday; Oil Plummets
On a day known for great shopping deals, U.S. stocks and oil prices were
sharply lower, threatened by a new coronavirus variant about which little is
yet known. Grains were sharply lower early but fought back to survive the day
with mixed closes.
DTN Lead Analyst
March corn closed up 6 1/4 cents and July corn was up 5 1/2 cents. January
soybeans closed down 13 3/4 cents and March soybeans were down 14 1/4 cents.
March KC wheat closed down 8 cents, March Chicago wheat was down 10 cents and
March Minneapolis wheat was up 3 1/2 cents. The December U.S. Dollar Index is
trading down 0.77 at 96.10. The Dow Jones Industrial Average is down 905.04
points at 34,899.34. December gold is up $5.70 at $1,790.0, December silver is
down $0.38 at $23.12 and December copper is down $0.1775. January crude oil is
down $10.12 at $68.27, January heating oil is down $0.2887, January RBOB
gasoline is down $0.2817 and January natural gas is up $0.357.