DTN Closing Grain Comments    10/22 13:44
   Grain Futures Find Buying Interest, Look to Challenge Chart Resistance

   Grain markets built off Monday's strong start to the week with another
positive session Tuesday, which was led by soybeans posting back-to-back
double-digit higher sessions. Despite fundamentals remaining bearish, markets
have found technical support and for now it appears the supply woes of late
summer and early fall are fully priced in. Now the market begins its next task
of finding fair value for these large supplies but also very large demand
prospects. I expect this may result in choppy trade moving forward as the
market sorts out the 2024 U.S. harvest and looks ahead to South American
harvest in 2025.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 7 cents and March corn was up 6 cents. November
soybeans closed up 10 3/4 cents and March soybeans were up 10 1/2 cents.
December KC wheat closed up 4 1/4 cents, December Chicago wheat was up 3 3/4
cents and December Minneapolis wheat was up 2 3/4 cents.