DTN Closing Grain Comments    09/08 13:48
   Grains Drift In Slow Post-Holiday Trade

   Row crop futures were mixed coming out of the long weekend, with wheat
futures heading moderately higher, recovering some of last week's risk-off
losses after meetings between U.S. negotiators with Black Sea leaders Putin and
Zelenskyy yielded no clear breakthrough towards slowing attacks or guaranteeing
safe passage for grain exports. However, the envoy did call the talks
encouraging, and wheat futures faded from daily highs perhaps as traders remain
cautious that negotiations will be ongoing. Corn and soybeans were mixed with
traders awaiting the next round of crop scores from USDA as well as the
September supply and demand updates due out on Friday. In outside markets,
crude oil was firm for the sixth straight session, with West Texas futures
trading briefly to three month highs after Houthi attacks against energy sites
in Saudi Arabia.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 3 1/4 cents and March corn was down 3 1/4 cents.
November soybeans closed up 6 1/2 cents and January soybeans were up 7 cents.
December KC wheat closed up 16 3/4 cents, December Chicago wheat was up 13
cents, December MIAX Minneapolis wheat was up 9 cents.