Home Market Friday Grain Markets Rally on Dollar Decline

Friday Grain Markets Rally on Dollar Decline

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The dollar is down more than 1,000 points after being down more than 1,300 points earlier this morning. Money is flooding into the broader commodity and equity sectors on weakness in the dollar, with the Dow Jones Industrial Average up 188 points and crude oil up $1.92 per barrel. According to sources, Informa told its clients this morning to expect this year’s corn acreage to be 88.5 million acres, down 75,000 from its January estimate. Soybeans are expected to be at 87.5 million, down 547,000 from its January estimate.