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DTN Closing Grain Comments 09/16 14:18
Corn, Wheat, Soy Markets Jump to Solid Gains Tuesday
Grain and soy markets rose in unison Tuesday with wheat leading the way on
demand. Several Southeast Asia importers are said to have opted for mostly U.S.
wheat in their tenders. After a record August crush and the lowest bean oil
stocks in 8 months, the soy complex rose. Corn finished strong despite the
advancing harvest, which is likely to lead to storage challenges.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed up 6 1/4 cents per bushel at $4.29 1/2 and March closed
up 6 cents per bushel at $4.47 and November soybeans closed up 7 cents at
$10.49 3/4 and January soybeans were up 7 1/2 cents at $10.69 1/4. December KC
wheat closed up 9 1/2 cents at $5.23 1/2, December Chicago wheat was up 9 cents
at $5.34 and MIAX December Minneapolis wheat was up 4 3/4 cents at $5.7650.
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