DTN Closing Grain Comments 09/30 14:06
USDA Reports Send Corn and Wheat Higher, But Soybeans Fall to New Low
December corn closed up 8 cents and all three U.S. wheats posted
double-digit gains after USDA estimated tighter supply levels of both crops
than were expected. November soybeans fell 46 cents to a new one-month low
after Sept. 1 soybean stocks came in 34 mb higher than USDA's September
estimate, likely an over-reaction of noncommercial selling.
DTN Lead Analyst
December corn closed up 8 cents and July corn was up 5 3/4 cents. November
soybeans closed down 46 cents and July soybeans were down 36 1/2 cents.
December KC wheat closed up 24 3/4 cents, December Chicago wheat was up 25 1/4
cents and December Minneapolis wheat was up 16 cents. The December U.S. Dollar
Index is trading down 0.11 at 112.10. The Dow Jones Industrial Average is down
251.0 points at 28,974.61. December gold is up $3.80 at $1,672.40, December
silver is up $0.38 at $19.09 and December copper is down $0.0145. November
crude oil is down $1.67 at $79.56, November heating oil is down $0.0660,
November RBOB gasoline is down $0.0319 and November natural gas is down $0.069.
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