DTN Grain Close: Corn, Soybeans, Tumble; Some Late Recovery

©Debra L Ferguson Stock Photography

With expiring September futures first notice day past, grain and soy futures continued to plummet. Recent heavy rains in some key dry areas of the Corn Belt, along with the bearish impact of damaged Gulf export facilities from Hurricane Ida, combined to encourage funds to liquidate more longs. Corn and soy recovered late, but still finished down hard.

GENERAL COMMENTS:

September corn closed down 6 1/4 cents per bushel and December corn was down 8 1/2 cents. September soybeans closed down 6 cents and November soybeans were down 10 3/4 cents. December KC wheat closed down 1/2 cent, December Chicago wheat was down 1 1/4 cents and December Minneapolis wheat was down 3/4 cent.

The September U.S. Dollar Index is trading down 0.002 at 92.650. The Dow Jones Industrial Average is down 43.71 points at 35,356.13. December gold is up $5.60 at $1,817.80, September silver is down $0.04 at $23.93 and December copper is down $0.0025 at $4.3730. October crude oil is down $0.42 at $68.79, October heating oil is down $0.0034, October RBOB is down $0.0054 and October natural gas is up $0.067.

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