DTN Closing Grain Comments    08/30 13:52
   Soybeans, Soymeal, Corn Continue to Advance; Wheat Shakes Off Early Selling
to Close Higher

   Corn and soybeans continued their recovery from the lows, both rising above
the 20-day moving averages with November beans breaking above a downtrend line
that began in May. October bean oil futures finished slightly down, avoiding
the ninth higher close in the past 11 days, but biodiesel demand is ramping up
and funds continue to cover, while bean oil use for biodiesel in June set a
record. Wheat markets overcame some early selling to finish with a modest gain.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   December corn closed up 5 cents per bushel at $4.01 and March corn was up 5
cents at $4.19 0/1. November soybeans closed up 7 1/2 cents at $10.00 0/1 and
January soybeans were up 8 1/4 cents at $10.17 0/1. December KC wheat closed up
4 3/4 cents at $5.65 1/4, December Chicago wheat was up 2 3/4 cents at $5.52
1/2 and December Minneapolis wheat was up 9 3/4 cents at $6.00 1/4.