0
0
0
 

 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Grain Comments    10/02 13:53
   Row-Crop Prices Build Off Midweek Turnaround With Higher Thursday Trade

   U.S. crop prices again shook off a shaky start to the session on Thursday,
with the soybean market leading the way higher as traders continue to look
ahead to the month-end summit between Presidents Trump and Xi as a reason for
optimism and a reason to remove short-side risk out of portfolios amid
shrinking soybean supply side ideas as well. Corn and wheat futures were mainly
along for the ride on Thursday but also managed to put together modestly higher
sessions. Outside markets were overall a negative weight on agricultural prices
for Thursday, with mixed equities as the Dow Jones pushes back toward record
highs while the S&P reversed off record highs on Thursday as well. The U.S.
Dollar Index was firmer on Thursday while energy markets fell again, breaking
support near $62 per barrel to trade to the lowest level since late May.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 5 1/4 cents and March corn was up 5 1/4 cents.
November soybeans closed up 10 3/4 cents and January soybeans were up 10 3/4
cents. December KC wheat closed up 3 1/2 cents, December Chicago wheat was up 5
1/2 cents, December MIAX Minneapolis wheat was up 3 1/2 cents.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN