DTN Closing Grain Comments 09/20 13:49

DTN Closing Grain Comments 09/20 13:49 Corn, Soy Markets Divorce From Bearish Macros; Wheat Surges on Ukraine Concerns Despite both crude oil and equities resuming their downhill slide, corn, soy, and wheat markets rose sharply and despite near ideal harvest weather ahead. Wheat markets once again led the pack to the upside and gave some renewed hope of a break-out from the two-month long sideways trend. Some talk on a vote later in the week by four Russian-controlled regions of Ukraine to be annexed by Russia is leading to ideas that the war might escalate. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed up 13 3/4 cents per bushel and March corn was up 13 cents. November soybeans closed up 17 1/2 cents and January soybeans were up 17 cents. December KC wheat closed up 53 1/4 cents, December Chicago wheat was up 63 1/4 cents and December Minneapolis wheat was up 39 cents. The December U.S. Dollar Index is trading up 0.464 at 109.930. The Dow Jones Industrial Average is down 448.50 points at 30,571.18. December gold is down $4.20 at $1,674.00, December silver is down $0.12 at $19.24 and December copper is down $0.0160 at $3.4965. November crude oil is down $1.48 at $83.88, October heating oil is up $0.0561, November RBOB is down $0.0204 and October natural gas is down $0.061.