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DTN Closing Grain Comments 08/30 13:58

30 Aug 2019

DTN Closing Grain Comments 08/30 13:58 Heavy Deliveries Send Wheat Markets Reeling; Soybeans, Corn Falter Late Early on Friday's first notice day for September futures delivery, news that Cargill had delivered 2.2 million bushels of hard red winter against the typically soft red wheat contract (Chicago September) sent futures plummeting to large losses. Kansas City joined in on the bearish move as a greater-than-expected 1,000 contracts were delivered in Kansas City's futures market. Soybeans showed independent strength early on renewed hopes of a U.S.-China trade meeting soon, but faltered late.

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