DTN Closing Grain Comments    09/23 13:41
   Row Crops Fall As Traders Await Trump/Xi Summit

   Row crop futures displayed some nervousness ahead of the highly touted visit
to Washington D.C. by President Xi of China this week, with soybeans retreating
from technical resistance for a second straight session. Corn and wheat were
also lower with an especially bearish session for wheat as the December Kansas
City board dropped below its 50-day moving average ($7.72) for the first time
since early July. Prices were pressured by Ukraine's President Zelensky stating
that Ukraine is open to an energy ceasefire and calling for a trilateral
meeting with President Trump and Russian President Vladimir Putin. Energy
futures were mixed, with crude prices rising for the first time in six
sessions, while diesel fell for the fifth time in the past six days. President
Trump and U.S. officials met with Iranian officials on Tuesday in the first
talks between the countries in months, with Iran reportedly reviewing a U.S.
proposal on Wednesday to end the fighting in the Persian Gulf.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 7 3/4 cents and March corn was down 7 1/2 cents.
November soybeans closed down 7 1/2 cents and January soybeans were down 7 1/2
cents. December KC wheat closed down 9 1/2 cents, December Chicago wheat was
down 8 3/4 cents, December MIAX Minneapolis wheat was down 7 1/2 cents.