DTN Closing Grain Comments: Minneapolis Wheat Leads Markets Lower Again; Corn, Beans Set New Recent Lows

Soybean harvest. ©Debra L Ferguson

Still reeling from Wednesday’s surprisingly bearish Stats Canada stocks number, all three wheat markets plunged again Thursday, led by Minneapolis December. Corn and soybeans shook off early weakness to bounce, but still finished lower as Gulf export activity remains sluggish and good harvest weather lies ahead.

Dana Mantini Senior Market Analyst

GENERAL COMMENTS:

September corn closed down 2 1/4 cents per bushel and December corn was down 1/4 cent. September soybeans closed down 12 cents and November soybeans were down 9 cents. December KC wheat closed down 22 cents, December Chicago wheat was down 17 1/4 cents and December Minneapolis wheat was down 24 1/2 cents. The September U.S. Dollar Index is trading down 0.195 at 92.455. The Dow Jones Industrial Average is down 138.88 points at 34,892.19. December gold is up $3.90 at $1,797.40, December silver is up $0.07 at $24.13 and December copper is up $0.0535 at $4.2865. October crude oil is down $1.39 at $67.91, October heating oil is down $0.0307, October RBOB is down $0.0344 and October natural gas is up $0.120.




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