DTN Closing Grain Comments    10/24 13:44
   Corn, Soybean Futures Ease Into Weekend as Traders Reward Rally

   Most crop and product futures were lower on Friday, with the exception of
wheat and soybean meal markets. Overall, the slip in corn and soybean futures
heading into the weekend can likely be chalked up to profit-taking as well as
producers taking advantage of the price bounce to secure any cash flow needs as
harvest winds down. Outside markets for Friday were mostly positive, with
Consumer Price Index data for September showing a slight uptick in U.S.
inflation, but below what had been expected, keeping the Federal Reserve on
track to cut interest rates in its meeting next week and likely again in
December and possibly in January as well. Energy markets were higher on
follow-through from Thursday's spike due to steep U.S. sanctions on the Russian
oil industry.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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