DTN Closing Grain Comments 10/06 13:49
6 Oct 2022
DTN Closing Grain Comments 10/06 13:49 Weak Export Sales, Weather Send Grain and Soy Markets Sharply Lower Export sales and shipments for last week continued to reflect a U.S. export market that is non-competitive, with corn exceptionally poor once again. Corn sales are currently down 50% versus last year. That, coupled with a mostly clear two-week harvest forecast and outside pressures sent markets to sharp losses. Dana Mantini Senior Market Analyst GENERAL COMMENTS: December corn closed down 8 1/2 cents per bushel and March corn was down 8 cents. November soybeans closed down 11 3/4 cents and January soybeans were down 10 cents. December KC wheat closed down 25 1/4 cents, December Chicago wheat was down 23 cents and December Minneapolis wheat was down 15 1/4 cents. The December U.S. Dollar Index is trading up 0.994 at 112.005. The Dow Jones Industrial Average is down 265.61 points at 30,008.26. December gold is up $0.40 at $1,721.20, December silver is up $0.15 at $20.70 and December copper is down $0.0580 at $3.4425. November crude oil is up $0.65 at $88.41, November heating oil is up $0.1742, November RBOB is up $0.0155 and November natural gas is up $0.067.