DTN Closing Grain Comments    10/21 13:50
   Row Crops Ease Tuesday as Outside Market Pressure Mounts

   Ag futures took a breather following a strong four day run up in prices as
traders are content at this point to pause and reevaluate positions ahead of
the end of U.S. harvest and the upcoming trade meeting between President Trump
and President Xi of China. Technical resistance in the row crop markets likely
also played a role in incentivizing some selling on Tuesday. For outside
markets, the most notable storyline for Tuesday was the sudden and volatile
reversal in gold futures, reported by the Wall Street Journal to be among the
largest single day loss in over a decade, just one session removed from setting
yet another record high as profit-taking seemed to morph into compounding fear
induced selling as the session wore on. This was a source of widespread
pressure on commodities for Tuesday, and agricultural markets were no
exception.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 3 1/2 cents and March corn was down 3 1/4 cents.
November soybeans closed down 1 cent and January soybeans were down 1 1/2
cents. December KC wheat closed down 5 cents, December Chicago wheat was down 4
1/2 cents, December MIAX Minneapolis wheat was down 3 3/4 cents.