DTN Closing Grain Comments 09/26 13:46
26 Sep 2024
DTN Closing Grain Comments 09/26 13:46 Grain, Soy Markets Fail to Extend Early Strength and Close Lower, Led by the Soy Complex Thursday's early strength in all the grain and soy markets did not last, with all the markets selling off at midday to finish lower by the close. Bean oil fell for the first time in nine days after palm oil reversed and crude oil plunged. The markets likely weakened from hedge selling and from a slowdown in fund short covering. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 2 cents per bushel at $4.13 1/4 and March corn was down 2 1/4 cents at $4.31 0/1. November soybeans closed down 12 1/4 cents at $10.41 0/1 and January soybeans were down 12 1/2 cents at $10.59 1/4. December KC wheat closed down 2 cents at $5.79, December Chicago wheat was down 5 cents at $5.84 1/4 and December Minneapolis wheat was down 5 1/2 cents at $6.11 1/2.