Grains

OMAHA (DTN) — Posted 12:44 — December corn is up 3 cents per bushel, November soybeans are up 7 3/4 cents, September KC wheat is up 12 cents, September Chicago wheat is up 5 1/2 cents and September Minneapolis wheat is up 5 3/4. The Dow Jones Industrial Average is down 232.62 points. The U.S. Dollar Index is up 0.020 and August crude oil is up $3.53 per barrel. August gold is up $22.60 per ounce. Heading into the Friday close, wheat and soybean oil continue to show big gains, with corn and soy also higher. After China picked up close to a half-million metric tons of beans this a.m., rumor has them buying another 3-5 cargoes more today. Russia is hitting Ukraine shipping ports, impacting exports. In the U.S., heat and dryness continues to plague corn and soy yields. Funds have been sizable buyers of bean oil futures.