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DTN Closing Grain Comments    08/17 13:42
   Wheat Heads South Again on Better Rain Chances, Harvest; Soybeans With
Modest Gain

   In slow trade, all three wheat markets followed the lead of Paris milling
wheat futures and sold off yet again. The market could not maintain early
strength, as rains in dry EU areas, better rain chances ahead of planting for
the Southern Plains, and the advancing spring wheat harvest are weighing on
wheat values. Soybeans and meal held minor gains, while bean oil fell despite
the bounce in crude oil.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   September corn closed up 4 cents per bushel and December corn was up 1 3/4
cents. September soybeans closed up 21 cents and November soybeans were up 9
cents. December KC wheat closed down 20 1/4 cents, September Chicago wheat was
down 22 3/4 cents and September Minneapolis wheat was down 19 cents. The
September U.S. Dollar Index is trading up 0.062 at 106.450. The Dow Jones
Industrial Average is down 84.95 points at 34,067.06. December gold is down
$9.70 at $1,780.00, September silver is down $0.27 at $19.82 and September
copper is down $0.0340 at $3.5905. September crude oil is up $1.30 at $87.83,
September heating oil is up $0.1222, September RBOB is up $0.0213 and September
natural gas is down $0.066.
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