DTN Closing Grain Comments 07/28 13:45
Minneapolis Wheat Surges on Tour Yield Estimates
The day one findings of the Wheat Quality Council's Spring Wheat Tour found
current yields for North Dakota to be 29.5 bpa, 32% below the 5-year average.
Minneapolis wheat surged on that news and the 10-day dry forecast for the
Northern Plains. Corn and soybeans finished just slightly higher in quiet
Senior Market Analyst
December corn closed up 2 3/4 cents per bushel, November soybeans finished
up 1 1/2 cents, September KC wheat closed up 18 cents, September Chicago wheat
was up 14 1/4 cents and September Minneapolis wheat settled up 27 3/4 cents.
The September U.S. Dollar Index is trading up 0.064 at 92.500. The Dow Jones
Industrial Average is down 100.65 points at 34,957.87. August gold is down
$3.00 at $1,796.80, September silver is up $0.22 at $24.87 and September copper
is down $0.0800 at $4.4645. September crude oil is up $0.77 at $72.42,
September heating oil is up $0.0132, September RBOB is up $0.0015 and September
natural gas is up $0.026.
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