Corn, soybeans and bean oil fell hard again, pressured by finishing rains and Gulf export restrictions as a result of Hurricane Ida. One major elevator at the Gulf is expected to be shuttered for at least three weeks, with vessels already being diverted. Funds are (and have been) liquidating longs in beans and corn.
September corn closed down 18 1/2 cents per bushel and December corn was down 11 1/2 cents. September soybeans closed down 21 cents and November soybeans were down 14 3/4 cents. December KC wheat closed down 8 cents, December Chicago wheat was down 8 cents and December Minneapolis wheat was down 6 1/4 cents.
The September U.S. Dollar Index is trading down 0.165 at 92.470. The Dow Jones Industrial Average is up 8.08 points at 35,368.81. December gold is down $2.80 at $1,815.30, December silver is up $0.20 at $24.21 and December copper is down $0.0940 at $4.2810. October crude oil is up $0.07 at $68.57, October heating oil is down $0.0039, October RBOB is down $0.0331 and October natural gas is up $0.241.