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Market Commentary

DTN Closing Grain Comments 09/26 15:08

9/26/2022 - 15:38:00

DTN Closing Grain Comments    09/26 15:08
   More Broad-Based Commodity Selling as US Dollar Soars

   Active contracts of corn, soybeans and all three U.S. wheats were lower
again Monday, still pressured by market investors worried about the rising U.S.
dollar and the anticipation of more rate hikes ahead. November crude oil was
also trading lower, exerting further bearish pressure on corn and soybean
prices.

Todd Hultman
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 10 1/2 cents and July corn was down 10 1/2 cents.
November soybeans closed down 14 1/2 cents and July soybeans were down 15 3/4
cents. December KC wheat closed down 21 cents, December Chicago wheat was down
22 1/2 cents and December Minneapolis wheat was down 18  cents. The December
U.S. Dollar Index is trading up 1.12 at 114.08. The Dow Jones Industrial
Average is down 286.01 points at 29,304.40. December gold is down $23.90 at
$1,631.70, December silver is down $0.53 at $18.38 and December copper is down
$0.0555. November crude oil is down $1.90 at $76.84, November heating oil is
down $0.1152, November RBOB gasoline is down $0.0098 and November natural gas
is up $0.077.

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