DTN Closing Grain Comments 05/20 13:54
Wheat Prices Lower a Third Day; Dow Jones Falls to New Low
New-crop contracts of all three U.S. wheats were sharply lower Friday,
finishing lower on a week that saw new highs Tuesday. Dow Jones futures were
trading down over 500 points at its lowest level in over a year, pressured by
fears of recession, explained CNBC.com.
DTN Lead Analyst
July corn closed down 4 1/2 cents and December corn was down 4 cents. July
soybeans closed up 14 3/4 cents and November soybeans were up 7 1/4 cents. July
KC wheat closed down 42 1/2 cents, July Chicago wheat was down 31 3/4 cents and
September Minneapolis wheat was down 50 1/4 cents. The June U.S. Dollar Index
is trading up 0.51 at 103.27. The Dow Jones Industrial Average is down 513.71
points at 30,739.42. June gold is down $0.80 at $1,840.40, July silver is down
$0.27 at $21.64 and July copper is down $0.0125. July crude oil is up $0.45 at
$110.34, July heating oil is down $0.0445, July RBOB gasoline is up $0.0060 and
July natural gas is down $0.222.
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