Grain market close

The USDA Market News Service, Greeley, Colo., in the closing grain report for Nov. 16, reported in futures trading that Chicago December soft red winter wheat was $5.62 1/4, up 23 1/4 cent; December corn, $4.02 1/4, up 11 3/4 cents; and January soybeans, $10.10, up 23 cents. The export bid for direct Gulf delivery of No. 1 hard red winter wheat, ordinary protein, rail, $5.90 1/4 to $6 1/4, up 19 3/4 cents; No. [Read More]

Grain bids all sharply higher

Grains were all sharply higher Nov. 16 as buying spree entered the commodity market with strong outside support from a sharply higher gold market, higher crude oil and a strong rally in the stock market, according to the National Grain Market Summary. A slumping dollar also lent support to the markets. With another round of rain and in some areas snow across the Midwest delaying corn harvest should continue to support the corn market. [Read More]

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