DTN Closing Grain Comments 02/03 13:53
Wheat Can't Hold Gains in Volatile Trade, Bean Oil Falls with Crude
In volatile and two-sided trade, wheat failed to hold early gains, while
soybeans faded early with the plunge in bean oil, as crude oil has now fallen
for five of the past six days. Soybean meal continued its winning ways, scoring
yet another new contract high.
Senior Market Analyst
March corn closed up 2 1/4 cents per bushel and May corn was up 1 3/4 cents.
March soybeans closed down 2 1/4 cents and May soybeans were down 2 1/4 cents.
March KC wheat closed down 7 3/4 cents, March Chicago wheat was down 4 1/4
cents and March Minneapolis wheat was down 3 1/4 cents.
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