3/4/24

Corn up 6, Beans up 4, Wheat up 7
Crude Oil-78.84 down 1.13
US Dollar-103.80 down .05
Dow Jones-38,979.60 down 107.78

Grains start the week off with moderate gains. Rumors of China nosing around for corn floated around the market today which spurred a little rally. Overnight Chinese feeders booked huge amounts of soymeal after China announced they want to prevent big swings in pig numbers. Soybeans rallied hard on the news, but farmers took advantage of the early rally, pushing prices well off their highs. Paris wheat managed to have a rally today pushing Chicago higher, despite weakening Russian prices.

Brynna
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN