DTN Closing Grain Comments 03/19 13:58
Corn and Soybeans React to Energy Prices Thursday; Soymeal Surges Again
Grain and soy markets began the day with solid gains after multiple key oil
and gas hubs were damaged in the Middle East from missile and drone attacks.
The attacks drove not only Brent oil but EU natural gas prices higher, leading
to concerns over fuel, fertilizer and transportation costs ahead of North
American planting.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
May corn closed up 6 1/2 cents per bushel at $4.69 3/4 and July closed up 5
1/2 cents per bushel at $4.80 and May soybeans closed up 6 3/4 cents at $11.68
1/2 and July soybeans were up 6 3/4 cents at $11.83 1/4. May KC wheat closed up
1 1/4 cents at $6.27 1/4, May Chicago wheat was up 3 3/4 cents at $6.08 and
MIAX May Minneapolis wheat was up 6 1/2 cents at $6.43 3/4.
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