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DTN Closing Grain Comments 11/16 13:44

16 Nov 2023
DTN Closing Grain Comments 11/16 13:44 Soybean Prices Fall on Wetter Forecast For Brazil; KC Wheat Falls To New Low January soybeans closed down 24 3/4 cents Thursday, pushed down from its highest prices in two months by a wetter forecast for central and northern Brazil. December corn started lower with the same bearish influence, but finished 4 cents higher, while March KC wheat fell 12 1/4 cents to a new 2023 low at $6.36. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: December corn closed up 4 cents and July corn was up 4 1/2 cents. January soybeans closed down 24 3/4 cents and July soybeans were down 24 1/4 cents. March KC wheat closed down 12 1/4 cents, March Chicago wheat was down 7 cents and March Minneapolis wheat was down 5 1/2 cents.