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DTN Closing Grain Comments 10/01 13:58
Row Crops Rally Late in Overall Mixed Start to October
Soybean futures led crop markets lower on Thursday, pressured by a dry
window for weather arriving by the weekend and forecasted to remain in place
through the first half of October. Heading into the close, however, all three
major row crop markets saw strong buying to lift prices from daily lows, with
corn and wheat turning higher and soybeans regaining over half the day's
losses. As harvest looks to accelerate into October, plenty of concerns remain
for yields and now grain quality as well after instances of heavy rainfall
through September. Energy markets were mostly firm on Thursday with no
breakthrough in negotiations between the U.S. and Iran. Meanwhile, the U.S.
Dollar Index surged to the highest level since April 2025 on Thursday as global
investors flock to U.S. treasuries, which are posting the highest yields since
the early 2000s.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed up 1 1/2 cents and March corn was up 1 1/4 cents.
November soybeans closed down 9 cents and January soybeans were down 8 1/2
cents. December KC wheat closed up 4 1/2 cents, December Chicago wheat was up 7
cents, December MIAX Minneapolis wheat was up 3 1/2 cents.
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