DTN Closing Grain Comments 09/01 13:44

DTN Closing Grain Comments 09/01 13:44 Grain, Soy Markets Crater on Bearish Outside Markets, Recession Talk Along with the typical negative seasonal influence that September brings to corn and soy ahead of the advancing harvest, Thursday trade seemed to be more about bearish outside influences and the demand destruction that is the likely result. A new COVID-19 lockdown in one of China's major cities, a new high in the U.S. dollar, and a plunging crude oil market pressured grain and oilseed markets to sharp losses. Dana Mantini Senior Market Analyst GENERAL COMMENTS: September corn closed down 15 1/2 cents per bushel and December corn was down 12 1/2 cents. September soybeans closed down 34 3/4 cents and November soybeans were down 27 3/4 cents. December KC wheat closed down 44 1/2 cents, December Chicago wheat was down 37 1/4 cents and December Minneapolis wheat was down 44 cents. The September U.S. Dollar Index is trading up 0.865 at 109.530. The Dow Jones Industrial Average is up 28.78 points at 31,539.21. December gold is down $17.70 at $1,708.50, December silver is down $0.18 at $17.71 and December copper is down $0.1020 at $3.4165. October crude oil is down $3.15 at $86.40, October heating oil is down $0.1121, October RBOB is down $0.0510 and October natural gas is up $0.152.