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DTN Closing Grain Comments    09/01 14:01
   Soybeans Soar on Drop in Crop Ratings, EPA Ruling

   Soybeans led the way higher on Tuesday, with November futures racing past
the $13 mark en route to a sixth straight higher close. Soybean oil market
anxiety was eased on Monday afternoon after the EPA announced that despite 1.76
billion RINs being exempted from 2025 mandated volumes, the added exemptions
will be offset with higher blending requirements for 2026 and 2027. Corn and
wheat futures traded higher as well Tuesday, with the latter unconvinced of the
latest reports of Turkey's efforts to achieve a grain export deal in the Black
Sea. Meanwhile, crude oil futures jumped to their highest price in six weeks
Tuesday after two tankers were reportedly struck by missiles while attempting
to cross the Strait of Hormuz Monday night. Inflationary concerns have taken
hold of outside markets this week, with treasury yields moving sharply higher.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 8 1/4 cents and March corn was up 8 cents. November
soybeans closed up 29 3/4 cents and January soybeans were up 29 1/2 cents.
December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 8 1/2
cents, December MIAX Minneapolis wheat was up 13 3/4 cents.