DTN Closing Grain Comments 08/15 14:00
Soybeans, Meal Prices Tumble as Week Starts With Rain
November soybeans were down 42 cents and December soybean meal was down
$12.80 Monday, pressured by rain in the western Midwest and concerns about a
slowing economy in China. December cotton was last seen limit-up, continuing to
benefit from Friday's bullish USDA estimates.
DTN Lead Analyst
September corn closed down 13 cents and December corn was down 14 cents.
September soybeans closed down 41 cents and November soybeans were down 42
cents. September KC wheat closed down 6 1/2 cents, September Chicago wheat was
down 5 1/4 cents and September Minneapolis wheat was down 8 3/4 cents. The
September U.S. Dollar Index is trading up 0.90 at 106.41. The Dow Jones
Industrial Average is up 156.60 points at 33,917.65. August gold is down $21.20
at $1,794.30, September silver is down $0.49 at $20.21 and September copper is
down $0.0590. September crude oil is down $2.71 at $89.38, September heating
oil is down $0.0803, September RBOB gasoline is down $0.1015 and September
natural gas is down $0.030.