DTN Closing Grain Comments 07/26 13:55
26 Jul 2024
DTN Closing Grain Comments 07/26 13:55 Panic-Selling Hits Crop Prices Ahead of Weekend; Weather Remains Key New-crop contracts of corn, soybeans and all three U.S. wheats closed lower ahead of the weekend with traders not sure the weather will offer enough stress in August to significantly impact production. Meanwhile, the case for a rate cut in September received a little support Friday. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: September corn closed down 11 1/2 cents and December corn was down 10 3/4 cents. August soybeans closed down 38 1/2 cents and November soybeans were down 31 cents. September KC wheat closed down 16 cents, September Chicago wheat was down 14 1/4 cents and September Minneapolis wheat was down 15 1/4 cents.