DTN Closing Grain Comments    09/24 13:48
   Row Crops Slide As Traders Await Trump/Xi Details

   The state visit by China's President Xi kicked off on Wednesday evening,
with the two leaders quickly agreeing to extend the countries' trade truce from
its November expiration until January of 2027. However, further details have
been slim -- with little to no expectations for a shift in soybean volume
commitments, though some traders are holding out hope for Chinese purchases of
U.S. corn and wheat. Meanwhile, wheat futures were under pressure from a
technical standpoint combined with cautious trading after recent diplomatic
optimism regarding the war in the Black Sea. Meanwhile, energy futures have
turned higher again over the past two days after there has been little
follow-up to Tuesday's UN meeting between U.S. and Iranian officials, with
reports that the two sides remain well apart on terms for ending the now
seven-month-old war.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 1 1/2 cents and March corn was down 2 cents.
November soybeans closed down 1/2 cent, and January soybeans were down 1 3/4
cents. December KC wheat closed down 4 3/4 cents, December Chicago wheat was
down 1 1/2 cents, December MIAX Minneapolis wheat was down 8 1/2 cents.