DTN Closing Grain Comments    09/29 13:41
   Soybeans Recover On Slow Start To Harvest, KC Wheat Falls Again

   Row crop futures were quiet on Tuesday, but for now shrugging off last
week's Trump/Xi summit as a largely neutral event in the near-term fundamental
outlook for U.S. markets. Soybean futures quickly shifted back to trading U.S.
weather, where September rainfall has caused a slow start to harvest across the
heart of the U.S. soybean belt. Meanwhile, corn and wheat prices floated amid a
lack of fresh news, with corn pressured by lower crude prices amid ongoing
negotiations between the U.S. and Iran and reports that oil exports out of the
Middle East reached the highest point of the war in September. Meanwhile,
treasury yields continue to soar to levels not seen in some instances over 20
years as inflation concerns and rate hike ideas have not eased despite U.S. and
Iran holding their most serious talks in months.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 1 cents and March corn was down 1/2 cents.
November soybeans closed up 9 1/2 cents and January soybeans were up 9 3/4
cents. December KC wheat closed down 2 3/4 cents, December Chicago wheat was up
4 cents, December MIAX Minneapolis wheat was down 2 1/2 cents.