DTN Closing Grain Comments 09/06 13:51
6 Sep 2023
DTN Closing Grain Comments 09/06 13:51 Soybeans Surge on Crop Condition Decline; Wheat Soars Higher From Recent Lows A greater-than-expected drop in soybean condition ratings sent that market, along with soymeal, sharply higher early Wednesday, before correcting some. Corn reacted only mildly after a similar rating drop, before finishing nearly unchanged on December. Wheat markets, led by Kansas City, soared after a bullish reversal pattern was confirmed Wednesday. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 1/4 cent per bushel, November soybeans finished up 11 1/4 cents per bushel. December KC wheat closed up 25 cents per bushel, December Chicago wheat was up 9 3/4 cents per bushel and December Minneapolis wheat ended up 16 3/4 cents.