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DTN Closing Grain Comments 08/05 13:48
8/5/2025 - 14:16:00
DTN Closing Grain Comments 08/05 13:48 Soybeans Run Out of Gas While Corn Slides, Wheat Collapses Ii Bearish Tuesday Trade What bullish spark there was in the soybean market early Tuesday was quick to fade by midmorning as prices turned lower amid bearish influence from surrounding ag markets. Corn futures fell once again to new lows as there is just little bullish news to be found to break traders' focus on recent unveiling of a number of private yield estimates which are all coming in well above the USDA trendline forecast. For wheat markets, a fresh burst of harvest pressure sank winter wheat varieties Tuesday, as traders see little reason for concern regarding available wheat supplies in the immediate future. Outside markets for Tuesday also leaned negatively on ag interests, with crude oil markets still feeling the weight of heightened production from OPEC+. Meanwhile equities turned lower as well by midmorning, caught between growth prospects from an assumed impending interest rate cut in the next FOMC meeting in September and lingering uncertainty regarding the next step in the tariff/trade war. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: September corn closed down 5 1/2 cents and December corn was down 5 cents. September soybeans closed down 3 3/4 cents and November soybeans were down 3 3/4 cents. September KC wheat closed down 12 1/2 cents, September Chicago wheat was down 8 1/2 cents, September MIAX Minneapolis wheat was down 2 3/4 cents.