DTN Closing Grain Comments    10/29 13:48
   Markets Turn Quiet Ahead of Trump, Xi Meeting

   Row-crop markets held near even for most of the session on Wednesday but
still among the highest prices observed in months as traders remain optimistic
on commodity demand but at this point are willing to wait for the long
anticipated meeting on Thursday between President Trump and President Xi of
China before deciding their next round of trades. In outside markets, the
Federal Reserve voted Wednesday to cut interest rates by a quarter point in
what was an expected move, with further cuts expected in December and again in
January. Equity markets extended gains into what have become daily records over
the past week on the interest rate news as well as the wide sense of trade
optimism across markets.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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