DTN Closing Grain Comments    10/17 13:44
   Crop Prices Rally Into Weekend on Renewed Trade Optimism

   Corn, soy, and wheat markets continued their weekly recovery efforts,
gaining back losses from last week's trade-war-induced selloff. President Trump
said early Friday he still plans to meet with China's President Xi in South
Korea at the end of the month, ahead of a Nov. 1 target date to potentially
raise tariffs against China in response to recent restrictions imposed on
rare-earth exports by China. This is providing some optimism to traders that,
as was the case through the summer, an extension of the previous "trade truce"
will be achieved, although how soybeans and other key ag exports will fare in
any such agreement remains in the balance. Stock indices were higher following
the president's comments, while higher gasoline and diesel prices for Friday
also supported corn and soy futures.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 3/4 of a cent and March corn was up 1 cent. November
soybeans closed up 8 3/4 cents and January soybeans were up 8 1/4 cents.
December KC wheat closed up 2 3/4 cents, December Chicago wheat was up 1 1/4
cents, December MIAX Minneapolis wheat was down 1 cent.