DTN Closing Grain Comments 09/10 13:48
10 Sep 2024
DTN Closing Grain Comments 09/10 13:48 Soybeans, Soy Products Hit the Skids; Wheat Firm; Corn Leaks Below 50-Day Average What a difference a day makes -- soybeans and soy products fell Tuesday after being the bullish stalwarts Monday. Soybeans were pressured by the fact that USDA crop conditions did not waiver despite the hot and dry weather pattern lately. Traders are also expecting a record large bean yield and crop on Thursday's September WASDE report. Corn continues to move sideways in a narrow range just below the key moving average. Wheat markets firmed up in unison Tuesday, with little fresh news. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 3 cents per bushel at $4.04 1/4 and March corn was down 2 3/4 cents at $4.23 1/4. November soybeans closed down 20 3/4 cents at $9.97 1/4 and January soybeans were down 20 1/4 cents at $10.15 1/4. December KC wheat closed up 8 1/4 cents at $5.84 0/1, December Chicago wheat was up 5 3/4 cents at $5.74 1/4 and December Minneapolis wheat was up 1 1/2 cents at $6.08 1/4.