DTN Closing Grain Comments 09/30 13:45
30 Sep 2024
DTN Closing Grain Comments 09/30 13:45 Lower Corn Stocks and Higher Disappearance Sends Corn Market Higher; Wheat Firms, Beans Retreat Monday's USDA September 1 Small Grains Summary and quarterly Grain Stocks report featured lower corn stocks and higher usage than traders had expected, sending December corn above some key resistance levels. Wheat production fell modestly below trader expectations, while soybean stocks were slightly below the average estimate as well. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 6 3/4 cents per bushel at $4.24 3/4 and March corn was up 6 1/4 cents at $4.41 1/4. November soybeans closed down 8 3/4 cents at $10.57 0/1 and January soybeans were down 7 3/4 cents at $10.75 1/4. December KC wheat closed up 7 cents at $5.83 3/4, December Chicago wheat was up 4 cents at $5.84 0/1 and December Minneapolis wheat was up 11 cents at $6.19 1/4.