DTN Closing Grain Comments 09/29 13:39
29 Sep 2022
DTN Closing Grain Comments 09/29 13:39 Wheat Rejects Early Strength; Soybeans Get Boost From Bean Oil Rally In quiet trade Thursday ahead of the September NASS Quarterly Stocks and Small Grains Summary reports on Friday, the grain and soy markets traded on both sides of unchanged. Wheat gave up sharp early gains to finish lower, while soybeans were able to eke out a modest gain on the heels of a soybean oil rally. Outside macro markets provided a mixed but mostly bearish message, with the equities and energies again lower, and the U.S. Dollar Index sliding lower after Wednesday's new contract high. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 1 1/4 cents per bushel and March corn was down 1/ cents. November soybeans closed up 2 cents and January 3 1/4 soybeans were up 2 cents. December KC wheat closed down 10 3/4 cents, December Chicago wheat was down 8 cents and December Minneapolis wheat was down 7 1/4 cents. The December U.S. Dollar Index is trading down 0.168 at 112.340. The Dow Jones Industrial Average is down 677.96 points at 29,005.78. December gold is down $4.30 at $1,665.70, December silver is down $0.24 at $18.65 and December copper is up $0.0545 at $3.4130. November crude oil is down $0.97 at $81.18, November heating oil is down $0.0318, November RBOB is down $0.0520 and November natural gas is down $0.085.