NEWS
DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Tue Mar 5, 2013 12:03 PM CST
General Comments

The U.S. stock market indices are higher with the Dow futures up 130. The interest rate products are lower. The dollar index is 2 points higher. Energies are flat to higher. Livestock trade is lower. Precious metals are flat to higher.

CORN

Corn trade is 1 to 7 higher at midday which is below early morning highs. Spillover strength from soybeans is noted, along with the tight old rop balance sheet and supportive outside markets. May contract chart support is at $7.00 then $6.96, with resistance at $7.16. The USDA monthly World Agricultural Supply and Demands Estimates are ...

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