Corn Higher Friday at 6:00 a.m. CDT 5/14/2021 | 5:58 AM CDT DTN Staff Reporter
Corn: July corn closed down 40 cents (limit down) as Wednesday's bearish USDA report led to large scale profit-taking. Soybeans: July soybeans closed down 58 1/2 cents, pressured by profit-taking from long funds, a rapid planting pace, and plentiful moisture set to move across the belt. Wheat: July Chicago wheat closed 28 1/4 cents lower on Thursday in a continuation of the bearish reaction to increased production and lower old crop export demand. Cotton: July cotton futures collapsed in a general ag commodity sell-off, finishing down 3.35 cents and below the 100-day moving average for the first time since early April. Live Cattle: June live cattle futures plunged on Thursday, closing down $3.00/cwt, pressured by other ag commodity sell-offs. (c) Copyright 2021 DTN, LLC. All rights reserved. |
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