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DTN Closing Grain Comments 09/30 14:06

30 Sep 2022
DTN Closing Grain Comments 09/30 14:06 USDA Reports Send Corn and Wheat Higher, But Soybeans Fall to New Low December corn closed up 8 cents and all three U.S. wheats posted double-digit gains after USDA estimated tighter supply levels of both crops than were expected. November soybeans fell 46 cents to a new one-month low after Sept. 1 soybean stocks came in 34 mb higher than USDA's September estimate, likely an over-reaction of noncommercial selling. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: December corn closed up 8 cents and July corn was up 5 3/4 cents. November soybeans closed down 46 cents and July soybeans were down 36 1/2 cents. December KC wheat closed up 24 3/4 cents, December Chicago wheat was up 25 1/4 cents and December Minneapolis wheat was up 16 cents. The December U.S. Dollar Index is trading down 0.11 at 112.10. The Dow Jones Industrial Average is down 251.0 points at 28,974.61. December gold is up $3.80 at $1,672.40, December silver is up $0.38 at $19.09 and December copper is down $0.0145. November crude oil is down $1.67 at $79.56, November heating oil is down $0.0660, November RBOB gasoline is down $0.0319 and November natural gas is down $0.069.