DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Mon Feb 4, 2013 11:45 AM CST
General Comments

The U.S. stock market indices are lower with the Dow down 125. The interest rate products are lower. The dollar index is 40 higher. Energies are lower with crude off $1.30. Livestock trade is mixed. Precious metals are mixed with gold up $5.


Corn trade is narrowly mixed at midday, giving back early gains. South America remains dry and warm in most corn-growing areas in the near term, with corn catching support from strength in soybeans. Outside markets are softer this morning. Nearby support is at $7.35, with resistance at $7.46 and $7.50 in the near term. ...

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