DTN Closing Grain Comments 11/04 13:46
Grain Markets Strong out of the Gate to Start WASDE Week
Grain markets enjoyed a very strong Monday morning before enthusiasm from
buyers faded slightly by noon. Despite this, the three major crops all managed
to finish higher for the session. Friday's USDA crop production and supply and
demand estimates will be on the front of traders' minds this week as they will
see how the government wants to figure the recent strong demand performance
into the balance sheets, and also how production fared with 2024 harvest pretty
much wrapped up.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed up 2 cents and March corn was up 3/4 cents. January
soybeans closed up 3 1/2 cents and March soybeans were up 3 1/2 cents. December
KC wheat closed up 4 1/4 cents, December Chicago wheat was up 3/4 cents and
December Minneapolis wheat was up 5 3/4 cents.
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