DTN Closing Grain Comments 07/05 14:01
US Dollar Soars, Commodities Plunge
With news of slowing European economies, the U.S. Dollar Index is trading up
1.39 points Tuesday afternoon at its highest prices in 19 years. Active
contracts on the commodity futures board were all lower and many were sharply
lower, except for a $2.97 gain in August lean hogs.
DTN Lead Analyst
September corn closed down 27 1/2 cents and December corn was down 29 cents.
August soybeans closed down 70 1/2 cents and November soybeans were down 79 1/4
cents. September KC wheat closed down 51 1/2 cents, September Chicago wheat was
down 39 cents and September Minneapolis wheat was down 58 cents. The September
U.S. Dollar Index is trading up 1.39 at 106.30. The Dow Jones Industrial
Average is down 364.57 points at 30,732.69. August gold is down $35.00 at
$1,766.50, July silver is down $0.53 at $19.14 and July copper is down $0.1685.
August crude oil is down $8.87 at $99.56, August heating oil is down $0.3341,
August RBOB gasoline is down $0.3613 and August natural gas is down $0.197.
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