NEWS
Todd Hultman DTN Grains Analyst
Fri Nov 8, 2013 01:00 PM CST

OMAHA (DTN) -- As we near the close, December corn is up 4 3/4 cents, January soybeans are up 24 1/2 cents, and December Chicago wheat is down 1/2 cent. Producers have waited a long time to see USDA's estimate of planted acres come down after this year's excessively wet spring weather. USDA's planted corn acres estimate was reduced from 97.4 to 95.3 million acres and the soybean estimate was reduced from 77.2 to 76.5 million acres. Corn prices are benefitting from Friday's lower-than-expected ending stocks estimate of 1.89 billion bushels.

Posted 11:48 -- December corn is up 3 cents, ...

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