| |
DTN Closing Grain Comments 10/11 13:47
Grain Prices Head Lower Friday After USDA Confirmation of Large Crops
Friday's WASDE report offered fresh estimates and further confirmation of
bin-busting U.S. corn and soybean production in 2024. The U.S. corn and wheat
balance sheets did get some help from demand figures leading to cuts in ending
stocks, but even so stocks estimates remain at their highest in several years
for corn, soybeans, and wheat.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed down 2 3/4 cents and March corn was down 3 1/4 cents.
November soybeans closed down 9 1/4 cents and March soybeans were down 11 1/2
cents. December KC wheat closed down 6 1/2 cents, December Chicago wheat was
down 4 3/4 cents and December Minneapolis wheat was down 4 1/2 cents.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
|
|
