DTN Closing Grain Comments 09/12 13:53
12 Sep 2024
DTN Closing Grain Comments 09/12 13:53 Corn Futures Dip on Record WASDE Report Yield but Recover; Soybeans and Products Finish Firm on Neutral Report Corn futures fell hard after the release of the September WASDE as USDA, in their first in-field survey this season, found a record yield for corn at 183.6 bpa. Down close to 8 cents at one point, December corn came roaring back to finish higher by the close. After a mostly neutral report for both soybeans and wheat, soybeans and soy products closed firm while wheat was a mixed affair. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 1 1/4 cents per bushel at $4.06 and March corn was up 1 cent at $4.25 1/2. November soybeans closed up 10 1/4 cents at $10.11 3/4 and January soybeans were up 10 1/2 cents at $10.30 1/2. December KC wheat closed down 2 cents at $5.86 1/4, December Chicago wheat was down 3/4 cent at $5.79 1/2 and December Minneapolis wheat was up 5 1/4 cents at $6.22 3/4.