DTN Closing Grain Comments 09/06 13:55
6 Sep 2024
DTN Closing Grain Comments 09/06 13:55 Soybeans, Bean Oil, Wheat Markets Plunge; Corn Lower as Financial Markets Crater; Crude Oil Falls Again Early strength in ag markets did not last Friday as soybeans, bean oil and wheat led the way lower. Bean oil was pressured by the fall in canola and crude oil futures. Wheat and corn markets rebuffed early strength to finish lower for the second straight day. Soybean meal futures were able to weather the bearish storm on the heels of big new-crop export sales, but slipped late to finish in the red. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 4 1/2 cents per bushel at $4.06 1/4 and March corn was down 4 3/4 cents at $4.25 1/2. November soybeans closed down 18 1/2 cents at $10.05 0/1 and January soybeans were down 19 cents at $10.23 1/2. December KC wheat closed down 11 1/4 cents at $5.78 1/2, December Chicago wheat was down 7 3/4 cents at $5.67 0/1 and December Minneapolis wheat was down 12 cents at $6.13 3/4.