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DTN Closing Grain Comments 12/08 16:00
Corn, Soybean, Wheat Prices Follow Thursday's Gains With Lower Closes Friday
March corn was down 2 1/2 cents, January soybeans were down 7 3/4 cents and
March contracts of all three wheats were also lower after USDA issued largely
neutral estimates in Friday's WASDE report. January crude oil was trading
higher Friday afternoon after the Energy Department announced it wanted to buy
oil for the Strategic Petroleum Reserve.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed down 2 1/2 cents and July corn was down 2 cents. January
soybeans closed down 7 3/4 cents and July soybeans were down 6 1/2 cents. March
KC wheat closed down 6 1/2 cents, March Chicago wheat was down 10 1/2 cents and
March Minneapolis wheat was down 7 3/4 cents.
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