DTN Closing Grain Comments 06/23 13:44

DTN Closing Grain Comments 06/23 13:44 Grain, Soy Markets Extend Meltdown on Fund Selling, Recession Talk The incredible sell-a-thon that hit the grain and soy markets continued Thursday, with previously firm soy meal joining the "any port in a storm" type selling. The Federal Reserve says without compelling evidence that inflation has turned the corner, they will continue to aggressively raise rates and that has sunk ag crop markets. Soybean oil closed lower for the tenth straight day and Kansas City July wheat has plunged $3.80 in the past month. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn is down 21 1/4 cents per bushel, July soybeans are down 59 1/2 cents, September KC wheat is down 35 cents, September Chicago wheat is down 39 1/2 cents and September Minneapolis wheat is down 24 1/4 cents. The Dow Jones Industrial Average is down 53.73 points and August crude oil is down $1.65 per barrel. The U.S. Dollar Index is up 0.320 and August gold is down $13.70 per ounce. The Dow Jones Industrial Average is down 52.76 points and August crude oil is down $1.72 per barrel. The U.S. Dollar Index is up 0.320 and August gold is down $13.80 per ounce.