DTN Closing Grain Comments
Soybean meal surged for the fifth straight day and closed higher for the eighth time in the past nine days. Soybeans, on the heels of rising meal futures, and following combined sales of 18.5 million bushels (mb) to China and unknown, also rose to sharp gains. Wheat was once again the dog, unable to hold early strength and again plunging to new recent lows. Corn bounced modestly after filling an open chart gap on Monday, but failed to stay higher.