Corn Lower Friday at 6:00 a.m. CDT 4/23/2021 | 6:01 AM CDT DTN Staff Reporter
Corn: July corn closed up 25 cents to the daily permissible limit on Thursday on tightening supplies, a soaring domestic basis and large fund buying. Soybeans: July soybeans surged again, closing 34 3/4 cents higher, fueled by strong demand ahead of May option expiration, and on the coattails of another (early) limit move in bean oil. Wheat: July Chicago wheat closed up 37 cents coming just off the earlier limit-up move on strong fund buying, possible freeze damage, and the ongoing drought in the northern Plains. Cotton: July cotton futures closed down 0.18 cents on Thursday moving virtually sideways for the past six days. Live Cattle: June live cattle futures plunged again, closing down $1.40, finishing lower for ten of the past eleven days and well under the 100-day average. (c) Copyright 2021 DTN, LLC. All rights reserved. |
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