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DTN Closing Grain Comments 09/21 13:39
Grain and Soy Markets Tumble on Poor Exports, Rain and Outside Market
Weakness
The grain and soy markets fell in unison on Thursday as harvest advances and
export sales from the U.S. continue to underperform. Soybeans, soy products and
Kansas City wheat led the markets lower, as hard red winter wheat exports
remain 50% lower from a year ago, all wheat exports down 17%, and total soy
commitments are 34% lower. While showers will interrupt harvest progress for a
few days, a return to warmth and dryness will occur next week.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed down 7 cents per bushel and November soybeans finished
down 26 1/4 cents per bushel. December KC wheat ended down 18 1/2 cents per
bushel, December Chicago wheat was down 13 cents per bushel and December
Minneapolis wheat settled down 17 cents.
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