DTN Grain Close: Mostly Lower on Wet Forecast

©Debra L Ferguson Stock Photography

December corn and November soybeans tried to trade higher Tuesday but succumbed to selling pressure related to anticipation of timely rains across much of the Midwest. September Minneapolis wheat closed up 15 1/4 cents after USDA dropped the good to excellent rating on spring wheat from 37% to 27%.

GENERAL COMMENTS:

July corn closed up 1/2 cent and December corn was down 18 cents. July soybeans closed down 20 1/2 cents and November soybeans were down 17 cents. July KC wheat closed down 3 1/4 cents, July Chicago wheat was down 10 1/2 cents and September Minneapolis wheat was up 15 1/4 cents.

The September U.S. Dollar Index is trading down 0.11 at 91.78. The Dow Jones Industrial Average is up 39.27 points at 33,916.24. August gold is down $5.10 at $1,777.80, July silver is down $0.18 at $25.85 and July copper is up $0.0435. August crude oil is down $0.32 at $72.80, August heating oil is up $0.0192, August RBOB gasoline is up $0.0198 and August natural gas is up $0.065.

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