DTN Closing Grain Comments 08/19 13:42
19 Aug 2024
DTN Closing Grain Comments 08/19 13:42 Corn, Soybeans, Soy Products Surge on Warmer and Drier Forecast After falling to new contract lows just last Friday, the corn and soy markets rebounded Monday as traders added some weather premium for the troublesome forecast ahead. Although both corn and soybean crops are currently forecast to achieve record large yields, the last half of August into September promises a return to heat and very little precipitation for the central Midwest and southern corn areas. Traders seem to be back buying as the prospect for a good finish to what has been very favorable weather after the rough start appears to be slipping. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn was up 7 3/4 cents per bushel, November soybeans finished up 19 cents per bushel. September KC wheat ended up 1 cent per bushel, September Chicago wheat was down 1 3/4 cents per bushel and December Minneapolis wheat fell 6 cents.