DTN Closing Grain Comments 01/22 13:50
Chicago Wheat Rallies Early to 15-Month Highs, Fails Late to Close Lower
Chicago wheat extended the rally that began in early September, which had
seen March wheat rally $1.34 and to 15-month highs, but that early rally did
not last. Profit-taking at midsession led to a lower close. Corn and soybeans
reluctantly moved higher early Wednesday, but could not muster follow-through
buying, with soybeans finishing lower.
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