DTN Closing Grain Comments    10/14 13:45
   Wheat Prices Show Life Tuesday; Soy Complex Fades on US-China Friction

   Row-crop futures were mixed Tuesday with grains trading higher while soybean
futures fell on the most recent escalation of the U.S.-China trade war as China
hit U.S. subsidiaries of a South Korean shipbuilding company with sanctions.
Data out from the Brazilian National Supply Company (Conab) also served as a
reminder to traders of record soybean supplies in Brazil and subsequently what
have been record-setting exports as well that have sustained into the typical
U.S. sales window due to the ongoing dispute with China. Outside markets were
mixed with the U.S. dollar seemingly feeling for a momentary ceiling near
2-month highs which aided wheat markets Tuesday. Meanwhile, energy markets were
lower on the China-U.S. shipping news but did manage to bounce off daily lows
following a speech by Fed Chair Jerome Powell which hinted at a slowing of the
3-year effort by the Federal Reserve to reduce its asset holdings, a move which
would work to effectively pressure interest rates and stimulate growth. Stock
indices reversed from early losses following Powell's comments.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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