DTN Closing Grain Comments 09/11 13:48
11 Sep 2024
DTN Closing Grain Comments 09/11 13:48 Soybeans, Wheat Firmer Wednesday in Quiet Pre-Report Trade; Corn Little Changed In very quiet trade ahead of Thursday's September WASDE report, the markets are mixed to mostly firmer with the exception of bean oil. Soybeans, soymeal and wheat firmed up, while corn was up 1/2 cent and soybean oil modestly lower. Hurricane Francine will make landfall on Wednesday, with heavy rains in the Delta and southeast, some of which will delay harvest activity, while late-planted soybeans could see a benefit. Traders are looking for record yields in the report, with soybean production projected to also be record large. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 1/2 cent per bushel at $4.05 3/4 and March corn was up 1/4 cent at $4.24 1/2. November soybeans closed up 3 1/4 cents at $10.01 1/2 and January soybeans were up 3 3/4 cents at $10.19 0/1. December KC wheat closed up 4 1/4 cents at $5.88 1/4, December Chicago wheat was up 5 cents at $5.79 1/4 and December Minneapolis wheat was up 7 1/2 cents at $6.18 1/2.