DTN Closing Grain Comments 09/16 14:05
16 Sep 2022
DTN Closing Grain Comments 09/16 14:05 Corn, Soy Markets Weaken Early But Recover a Bit; Erratic Wheat Market Rallies Hard With favorable weather in the coming week, outside financial markets still reflecting concern for the negative demand implications of an aggressive Federal Reserve, and the weakening Chinese economy, corn and soy markets began Friday under severe pressure. All markets recovered a bit before selling off again, with corn and soy finishing lower for the fourth straight day. Wheat rejected lower prices in the morning to finish with solid gains. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 1/4 cent per bushel and March corn was up 1/4 cent. November soybeans closed down 3 cents and January soybeans were down 2 3/4 cents. December KC wheat closed up 9 cents, December Chicago wheat was up 14 3/4 cents and December Minneapolis wheat was up 8 cents. The September U.S. Dollar Index is trading up 0.099 at 109.810. The Dow Jones Industrial Average is down 299.39 points at 30,662.43. December gold is up $5.80 at $1,683.10, December silver is up $0.18 at $19.45 and December copper is up $0.0395 at $3.5295. October crude oil is up $0.07 at $85.17, October heating oil is down $0.0321, October RBOB is down $0.0065 and October natural gas is down $0.482.