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DTN Closing Grain Comments 09/16 13:46
Corn, Soybean Oil Take a Breather From Recent Gains; Wheat Firm
Corn and soybean oil backed off overnight highs in a pause of the recent
bullish move, while wheat, meal and beans finished mildly higher. Gulf
terminals are closer to returning to normal, with a report of 14 vessels
loading at recently reopened facilities. China returned to by 4.85 mb of U.S.
beans following Wednesday's cancellations.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed down 4 cents per bushel and December corn was down 4
cents. November soybeans closed up 1 1/2 cents and November soybeans were up 1
1/2 cents. December KC wheat closed up 4 1/2 cents, December Chicago wheat was
up 3/4 cent and December Minneapolis wheat was up 2 3/4 cents. The December
U.S. Dollar Index is trading up 0.366 at 92.900. The Dow Jones Industrial
Average is down 79.37 points at 34,735.02. December gold is down $38.80 at
$1,756.00, December silver is down $0.97 at $22.83 and December copper is down
$0.1435 at $4.2630. October crude oil is down $0.00 at $72.61, October heating
oil is up $0.0053, October RBOB is down $0.0245 and October natural gas is down
$0.127.
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