DTN Closing Grain Comments 09/27 13:49
27 Sep 2024
DTN Closing Grain Comments 09/27 13:49 Corn, Soybeans, Soybean Meal Surge to Big Gains on Fund Buying With Wheat Lower Soybean and soymeal futures surged Friday while December corn challenged the recent high ahead of Monday's USDA small grains summary and September 1 stocks report. Bean oil continued to correct following Thursday's reversal, and all three wheat markets slipped lower. Late-day hedge selling took the corn and soy markets off the highs. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 4 3/4 cents per bushel at $4.18 and March corn was up 4 cents at $4.35 0/1. November soybeans closed up 24 3/4 cents at $10.65 3/4 and January soybeans were up 23 3/4 cents at $10.83 0/1. December KC wheat closed down 2 1/4 cents at $5.76 3/4, December Chicago wheat was down 4 1/4 cents at $5.80 0/1 and December Minneapolis wheat was down 3 1/4 cents at $6.08 1/4.