Wheat News Cattle News DTN Ag Headlines Headline News Market News Weather
 Cassidy Grain Co.
  Home  
  About Us  
  Links  
  Marketplace  
  Lumber ETC.  
  Seeds  
  Crop Improvement Chemicals  
  Feed  
  My Website  
  Admin Login  
  Pictures  
  Contact Us  
  Souvenirs  
  Web Cam  
 
 
Printable Page Wheat News   Return to Menu - Page 1 2 3 4 5 7
 
 
DTN Closing Grain Comments    10/27 13:51
   Crop Selloff Continues as US Harvests Advance

   Soybean futures were unable to sustain an early Tuesday bounce following
Monday's macro-inspired selloff, with most row crop futures lower as a general
bearish cloud remains over markets. Slightly lower energy prices were also a
source of weakness for grains on Tuesday. Overall, the market is also suffering
from a lack of news to break prices out of their recent lower trends. Without a
spark, the safe bet for traders is to continue the length liquidation seen over
the past two months with buyers currently not wanting to risk "catching a
falling knife." In other macro news, the U.S. dollar has moved higher for three
straight sessions and remains among 2026 highs and also a source of pressure to
export sensitive Ag markets.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 6 1/4 cents and March corn was down 6 cents.
November soybeans closed down 12 cents and January soybeans were down 9 1/2
cents. December KC wheat closed down 8 1/2 cents, December Chicago wheat was
down 5 3/4 cents, December MIAX Minneapolis wheat was down 5 1/2 cents.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Reach us at -
Phone: 580-335-2104      Fax: 580-335-2843
Powered By DTN