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DTN Closing Grain Comments 11/28 12:36
Row Crops Add to Weekly Gains in Slow Black Friday Session
The CME Group faced technical difficulties through the overnight trade due
to a reported data center cooling issue which caused a 10-hour outage. The
issue was resolved by early morning Friday which allowed for minimal disruption
to the grain trade's normal 8:30 a.m. CST open. Friday's muted and abbreviated
session saw mostly positive trade across ag markets to close out the holiday
week, spurred on by another strong delayed export sales report from mid-October
which served to remind that demand for U.S. crops remains very strong for the
most part. Outside markets on Friday saw firmer energies, with crude oil
closing above its weekly range, finding support among 2025 lows. The U.S.
dollar also moved lower Friday and through the week in general as investors are
again expecting a reduction in the target rate when the Fed meets in early
December.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 2 1/2 cents and May corn was up 2 3/4 cents. January
soybeans closed up 6 1/4 cents and March soybeans were up 5 1/4 cents. March KC
wheat closed down 2 1/2 cents, March Chicago wheat was down 2 cents, March MIAX
Minneapolis wheat was down 1/2 a cent.
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