DTN Closing Grain Comments    09/17 13:56
   Soybean Meal Soars to Another New High on Strong Crush Margins Spreading,
Corn and Wheat Weaken

   It was a mixed day Thursday for grain and soy complex futures. Perhaps the
feature was the bullish soymeal performance for a second straight day as crush
margins are rising and wet weather is delaying some harvest areas. On the other
side of the coin was the weak bean oil market, no doubt influenced by the
extended correction in crude oil along with meal-oil spreading. Corn, wheat and
soybeans were lower, with corn leading the way despite reports of disappointing
early harvest results. The Upper Midwest continues to get hit with more heavy
rain, delaying harvest activity there.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   December corn closed down 3 3/4 cents per bushel at $5.30 1/2 and May closed
down 4 1/2 cents per bushel at $5.50 3/4 and November soybeans closed down 3/4
cent at $13.19 3/4 and May soybeans were up 1 cent at $13.52 1/2. December KC
wheat closed down 5 cents at $7.94 1/2, December Chicago wheat was down 3 3/4
cents at $7.27 and December MIAX wheat was down 3 1/2 cents at $7.52 1/2.