DTN Closing Grain Comments 09/18 13:46
Soybean Complex Leads Ag Futures Lower Thursday
U.S. ag futures were lower for the most part Thursday as traders remain
hesitant to overcommit to long positions ahead of the ramping up of U.S.
harvest with large U.S. supply forecasts lingering in the back of traders'
minds. Outside markets Thursday were mostly negative influence on agricultural
interests with a firmer U.S. dollar and weaker energy markets. Equity markets
continued to press higher into new records for both the S&P and Dow, following
the expected quarter point rate cut from the Federal Reserve on Wednesday.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed down 3 cents and March corn was down 3 cents. November
soybeans closed down 6 1/4 cents and January soybeans were down 6 1/2 cents.
December KC wheat closed down 6 1/4 cents, December Chicago wheat was down 4
cents, December MIAX Minneapolis wheat was down 2 1/4 cents.
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