MARKETS NEWS
DTN Before The Bell Grain Comments
Elaine Kub Contributing Analyst
Thu Jan 17, 2013 08:33 AM CST

8:30 a.m. CME Globex:Corn 4 lower, Soybeans 5 higher, Wheat 3 lower. The soybean market is the only part of the grain sector reaching for fresh highs so far Thursday.

Other Market:

Dow Jones: Higher
U.S. Dollar Index: Lower
Gold: Lower
Crude Oil: Higher

Corn:

Crude oil has been streaking higher, reaching for a fresh four-month high Thursday morning, and even some softs markets, like cotton, are experiencing an upswing. So at least part of the grain sector's recent rally should probably be attributed to speculators' widespread interest in rebuilding commodities positions. However, that activity seemed relatively quiet during the ...

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