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DTN Closing Grain Comments 09/17 13:47
Corn, Wheat, Soybeans Retreat With Pressure From Bean Oil
Bean oil futures fell hard after the EPA put out a vague proposal to
reallocate SREs late Tuesday and the uncertainty sent bean oil reeling.
Soybeans were pressured by oil as well and wheat and corn fell to sizable
losses on Wednesday.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
December corn closed down 2 3/4 cents per bushel at $4.26 3/4 and March corn
was down 2 1/2 cents at $4.44 1/2. November soybeans closed down 6 cents at
$10.43 3/4 and January soybeans were down 6 1/4 cents at $10.63 0/1. December
KC wheat closed down 7 1/4 cents at $5.16 1/4, December Chicago wheat was down
5 3/4 cents at $5.28 1/4 and MIAX December Minneapolis wheat was down 2 1/2
cents at $5.74.
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