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DTN Closing Grain Comments 10/11 13:48

11 Oct 2024
DTN Closing Grain Comments 10/11 13:47 Grain Prices Head Lower Friday After USDA Confirmation of Large Crops Friday's WASDE report offered fresh estimates and further confirmation of bin-busting U.S. corn and soybean production in 2024. The U.S. corn and wheat balance sheets did get some help from demand figures leading to cuts in ending stocks, but even so stocks estimates remain at their highest in several years for corn, soybeans, and wheat. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed down 2 3/4 cents and March corn was down 3 1/4 cents. November soybeans closed down 9 1/4 cents and March soybeans were down 11 1/2 cents. December KC wheat closed down 6 1/2 cents, December Chicago wheat was down 4 3/4 cents and December Minneapolis wheat was down 4 1/2 cents.