DTN Closing Grain Comments 09/14 13:45
14 Sep 2022
DTN Closing Grain Comments 09/14 13:45 Soybeans, Corn Pull Back as Harvest Expands and Inflation Continues to Weigh on Markets After rallying sharply on Monday's bullish yield, production and ending stocks numbers, both corn and beans have moved lower for the second straight day. Weakness is coming from the prospect for early harvest to accelerate and from outside markets, after worse-than-expected inflation cast a bearish demand pall over ag markets. With little news to drive it, wheat bucked the bearish trend, led by Kansas City as severe drought is extending into the seeding period. Dana Mantini Senior Market Analyst GENERAL COMMENTS: September corn closed steady and December corn was down 10 1/2 cents. September soybeans closed down 30 1/2 cents and November soybeans were down 23 3/4 cents. December KC wheat closed up 13 1/4 cents, December Chicago wheat was up 11 3/4 cents and December Minneapolis wheat was up 8 cents. The September U.S. Dollar Index is trading down 0.229 at 109.580. The Dow Jones Industrial Average is down 70.42 points at 31,034.55. December gold is down $10.60 at $1,706.80, December silver is up $0.05 at $19.54 and December copper is down $0.0430 at $3.5125. October crude oil is up $1.31 at $88.62, October heating oil is down $0.1519, October RBOB is up $0.0484 and October natural gas is up $0.706.