DTN Closing Grain Comments 09/05 13:37
5 Sep 2024
DTN Closing Grain Comments 09/05 13:37 Grain, Soybeans Correct Following Recent Gains; Bean Oil Rises, Soybeans Recover Late In what could be described as a much-needed correction, the grain and soy markets, with the exception of bean oil, set back early Thursday. Both December corn and December Chicago wheat fell to test the 50-day moving average breakout areas following a week of solid gains. Bean oil, which had been down for three straight days, was the lone exception, trading higher for the day. Soybeans rebuffed early weakness to finish higher at the end. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 2 cents per bushel at $4.11 3/4 and March corn was down 1 3/4 cents at $4.29 1/4. November soybeans closed up 2 cents at $10.24 1/2 and January soybeans were up 2 1/4 cents at $10.42 1/2. December KC wheat closed down 4 1/4 cents at $5.89 3/4, December Chicago wheat was down 6 cents at $5.75 3/4 and December Minneapolis wheat was up 1/4 cent at $6.24 3/4.