DTN Closing Grain Comments 09/27 13:49
KC and Minneapolis Wheat Fall to New Lows Pressured by Cheap World Prices
December KC wheat closed down 16 cents and December Minneapolis wheat was
down 15 3/4 cents Wednesday, both falling to their lowest spot prices in two
years as the world appears to have plenty of cheap wheat for sale. December
corn was up 3 1/2 cents and November soybeans were up a half-cent ahead of
Friday's Grain Stocks report.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed up 3 1/2 cents and July corn was up 4 1/4 cents.
November soybeans closed up 1/2 cents and July soybeans were up 5 cents.
December KC wheat closed down 16 cents, December Chicago wheat was down 9 1/2
cents and December Minneapolis wheat was down 15 3/4 cents.
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