NEWS
DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Wed Jan 16, 2013 11:51 AM CST
General Comments

The U.S. stock market indices are mixed; the Dow futures are down 26. The interest rate products are flat. The dollar index is 3 lower. Energies are higher with crude up 0.96. Livestock trade is mostly lower, with cattle sharply lower. Precious metals are weaker with gold down 4.

CORN

Corn trade is 4 lower on nearby at midday and a penny better on new crop. March futures found some light long-profit-taking and selling due to ethanol production cutback worries after failing to take out resistance at $7.35. Outside markets are mixed to soft. On the chart, March ...

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