DTN Closing Grain Comments 07/22 13:57

DTN Closing Grain Comments 07/22 13:57 Wheat Markets Crash and Burn as Ukraine Export Agreement is Signed The big news Friday was Russia and Ukraine signing an agreement brokered by Turkey and the United Nations to clear the way for Ukraine grain and oilseed shipments and Russian fertilizer and grain to move more freely and safely from Black Sea ports. That news sent the already reeling wheat markets down even further. Soybeans and bean oil bucked the bearish trend as weather for August is expected to again turn hot and dry, while corn fell on improved weather and weakness in wheat. Dana Mantini Senior Market Analyst GENERAL COMMENTS: September corn closed down 11 1/2 cents per bushel and December corn was down 9 1/4 cents. August soybeans closed up 16 cents and November soybeans were up 14 1/4 cents. September KC wheat closed down 41 cents, September Chicago wheat was down 47 1/4 cents and September Minneapolis wheat was down 40 1/4 cents. The September U.S. Dollar Index is trading down 0.259 at 106.545. The Dow Jones Industrial Average is down 260.90 points at 31,776.00. August gold is up $6.60 at $1,720.00, September silver is down $0.29 at $18.43 and September copper is up $0.0170 at $3.3155. September crude oil is down $1.47 at $94.88, September heating oil is down $0.1258, September RBOB is up $0.0359 and August natural gas is up $0.364.