DTN Closing Grain Comments 10/16 13:46
16 Oct 2024
DTN Closing Grain Comments 10/16 13:46 Grain Mixed as Market Attempts to Catch Itself Grain markets had mixed results Wednesday as it appears the short-term oversold conditions of the market had traders covering some of their shorts. Overall, it was a quiet midweek session and there remains little in the way of bullish fundamental news to prop up prices currently. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed up 3 1/2 cents and March corn was up 3 cents. November soybeans closed down 11 cents and March soybeans were down 9 cents. December KC wheat closed up 5 3/4 cents, December Chicago wheat was up 5 1/2 cents and December Minneapolis wheat was up 4 1/4 cents.