DTN Grain Close: Corn, Soybeans Stabilize a Bit; Gulf Export Halt Continues

Corn and Soybeans have plunged for much of the week, spurred on by good finishing rains and the untimely and tragic arrival of Hurricane Ida. The damage from Ida had impacted export terminals and led to widespread power outages, halting all export activity and pressuring basis bids. Thursday featured a more stable to slightly higher market, but buyers of futures and cash are still cautious.

GENERAL COMMENTS:

December corn closed up 2 3/4 cents per bushel, November soybeans closed up 5 1/2 cents, December KC wheat finished up 5 cents, December Chicago wheat closed up 2 3/4 cents and December Minneapolis wheat closed up 1/4 cent. The September U.S. Dollar Index is trading down 0.189 at 92.260.

The Dow Jones Industrial Average is up 53.80 points at 35,366.33. December gold is down $5.10 at $1,810.90, December silver is down $0.31 at $23.92 and December copper is up $0.0235 at $4.3015. October crude oil is up $1.36 at $69.95, October heating oil is up $0.0379, October RBOB is up $0.0517 and October natural gas is up $0.023.

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