DTN Closing Grain Comments 08/16 13:43

DTN Closing Grain Comments 08/16 13:43 Grain and Soy Markets Implode on Favorable Weather, Falling Crude and China Concerns Good rains have fallen and are continuing to fall in some of the very driest areas of the central and Western Corn Belt. That, coupled with concerns over the China and world economies, and renewed recession fears, are combining to sink grain and soy markets again. Crude oil has fallen below $86 per barrel for the first time since March. Dana Mantini Senior Market Analyst GENERAL COMMENTS: September corn closed down 15 3/4 cents per bushel and December corn was down 18 cents. September soybeans closed down 39 3/4 cents and November soybeans were down 31 1/4 cents. September KC wheat closed down 11 cents, September Chicago wheat was down 14 3/4 cents and September Minneapolis wheat was down 7 1/2 cents. The September U.S. Dollar Index is trading down 0.138 at 106.295. The Dow Jones Industrial Average is up 354.70 points at 34,267.14. December gold is down $6.60 at $1,791.50, September silver is down $0.14 at $20.13 and September copper is up $0.0190 at $3.6365. September crude oil is down $3.02 at $86.39, September heating oil is up $0.0327, September RBOB is down $0.0499 and September natural gas is up $0.621.