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DTN Closing Grain Comments    09/16 13:47
   Crops Stage Late Session Comeback In Otherwise Quiet, Mixed Wednesday

   Row crop futures fell from overnight highs and were lower for most of
Wednesday's session before a late buying spree sent soybeans and wheat higher
for the session -- albeit still below early session highs. Traders at this
point are awaiting field-level production reports as harvest ramps up across
the U.S. From a demand standpoint, all eyes will be on China's President Xi's
visit to Washington, D.C., now just over a week away. In macroeconomic news,
the Federal Reserve voted unanimously on Wednesday to increase interest rates,
with a target rate now between 3.75% and 4%. The quarter-point increase is the
first increase by the Fed since July 2023, as inflation indices had reached
similar three-year highs through summer 2026, primarily driven by the energy
shock. Energy futures were lower on Wednesday, a result of technical selling
after strong two-week rallies but also likely somewhat to do with Wednesday's
Fed decision, combined with a third House of Representatives voting effort to
end the U.S. war with Iran.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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