DTN Closing Grain Comments 08/13 13:46
13 Aug 2024
DTN Closing Grain Comments 08/13 13:46 Soybean Price Collapse Continues With Record Crop Expected November soybeans fell another 23 1/2 cents to $9.62 1/2 Tuesday, its lowest November close in nearly four years, on the heels of USDA's estimate of a record crop on Monday. December corn gave back 4 1/4 cents of its 6 1/2-cent gain from Monday, overwhelmed by this week's favorable forecast for crops and bearish influence from soybeans. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: September corn closed down 5 1/2 cents and December corn was down 4 1/4 cents. September soybeans closed down 24 cents and November soybeans were down 23 1/2 cents. September KC wheat closed down 1/2 cent, September Chicago wheat was down 8 cents and September Minneapolis wheat was up 3/4 cent.