DTN Grain Close: Early Strength Fades

Tuesday began with a bang with both soybeans and Minneapolis wheat rushing to solid gains on declining crop conditions; November beans were up 30 cents at one point. However, by midmorning much of the strength had dissipated with the cooler weather forecast ahead; November barely hung on to close higher and Minneapolis wheat was near unchanged.

GENERAL COMMENTS:

December corn closed down 1/2 cent per bushel, November soybeans finished up 1 3/4 cents, September KC wheat closed up 2 1/2 cents, September Chicago wheat ended down 2 1/2 cents and September Minneapolis wheat settled down 1/2 cent.

The September U.S. Dollar Index is trading down 0.266 at 92.385. The Dow Jones Industrial Average is down 168.18 points at 34,976.13. August gold is up $1.50 at $1,800.70; September silver is down $0.59 at $24.73 and September copper is down $0.0315 at $4.5535. September crude oil is down $0.36 at $71.55, September heating oil is down $0.0093, September RBOB is up $0.0034 and September natural gas is down $0.133.

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