CROPS NEWS
DTN Plains, Prairies Closing Comments
Mary Kennedy DTN Basis Analyst
Fri Jul 25, 2014 03:17 PM CDT

U.S. GENERAL SUMMARY

Wheat closed up 9 1/4 cents in the September Chicago contract at $5.38, up 10 3/4 cents in the September Kansas City at $6.31 1/4, and up 8 cents in the September Minneapolis at $6.27 3/4. Canola futures followed nearby U.S soybean futures higher.

In his closing market comments, DTN Grain Market Analyst Todd Hultman said "Wheat prices rallied steadily throughout the day as a mix of commercial and noncommercial buying lifted prices from their lows before the eastern Midwest encounters chances for severe weather this weekend. December corn was modestly higher and November soybeans were a ...

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