DTN Closing Grain Comments    09/21 13:48
   Row Crops Race Higher Ahead of Thursday's Trump/Xi Summit

   After seeing risk-off selling to close last week, crop futures were in
recovery mode for Monday -- with corn, soybeans, and wheat all posting double
digit moves higher. The market is optimistic that Thursday's meeting between
President Trump and President Xi of China will result in the removal of tariffs
and an extension of the trade truce which is set to expire in early November.
Row crop strength on Monday came despite steadily lower energy futures, with
diesel futures now lower in four straight sessions after setting new records
early last week. The Wall Street Journal, for one, reported that oil shipments
through the Strait of Hormuz have improved recently, pressuring crude prices.
However, there is still no clear end in sight to the conflict between the U.S.
and Iran as well as Houthis attacks on Saudi Arabian infrastructure. Attacks in
the Black Sea also continued over the weekend, as the United Nation's General
Assembly begins in New York -- with President Trump set to meet with Gulf
leaders as well as Ukrainian President Zelensky this week.



Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   December corn closed up 15 1/2 cents and March corn was up 15 1/4 cents.
November soybeans closed up 24 1/2 cents and January soybeans were up 24 cents.
December KC wheat closed up 10 3/4 cents, December Chicago wheat was up 12 1/2
cents, December MIAX Minneapolis wheat was up 4 1/4 cents.