DTN Closing Grain Comments 09/07 13:53
7 Sep 2023
DTN Closing Grain Comments 09/07 13:53 Wednesday's Soy Complex Rally Fizzles as Funds Exit Longs, Wheat Corrects Some of Rally Even following some bullish private yield estimates on soybeans, that market fell more Thursday than it rallied Wednesday's as long funds are likely exiting ahead of next week's September USDA report. After rallying 25 cents, Kansas City wheat gave up half of those gains, while corn traded close to unchanged for much of the day. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 1/2 cent per bushel, November soybeans finished down 16 3/4 cents per bushel. December KC wheat was down 12 1/2 cents per bushel, December Chicago wheat was down 9 1/4 cents per bushel and December Minneapolis wheat settled down 6 1/2 cents.