DTN Closing Grain Comments 10/06 13:49
Weak Export Sales, Weather Send Grain and Soy Markets Sharply Lower
Export sales and shipments for last week continued to reflect a U.S. export
market that is non-competitive, with corn exceptionally poor once again. Corn
sales are currently down 50% versus last year. That, coupled with a mostly
clear two-week harvest forecast and outside pressures sent markets to sharp
Senior Market Analyst
December corn closed down 8 1/2 cents per bushel and March corn was down 8
cents. November soybeans closed down 11 3/4 cents and January soybeans were
down 10 cents. December KC wheat closed down 25 1/4 cents, December Chicago
wheat was down 23 cents and December Minneapolis wheat was down 15 1/4 cents.
The December U.S. Dollar Index is trading up 0.994 at 112.005. The Dow Jones
Industrial Average is down 265.61 points at 30,008.26. December gold is up
$0.40 at $1,721.20, December silver is up $0.15 at $20.70 and December copper
is down $0.0580 at $3.4425. November crude oil is up $0.65 at $88.41, November
heating oil is up $0.1742, November RBOB is up $0.0155 and November natural gas
is up $0.067.
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