Grains

OMAHA (DTN) — Posted 12:43 — December corn is up 8 1/4 cents per bushel, November soybeans are up 29 cents, December KC wheat is up 7 3/4 cents, December Chicago wheat is up 9 3/4 cents and December MIAX wheat is up 13 1/2 cents. The Dow Jones Industrial Average is down 401.23 points. The U.S. Dollar Index is up 0.270 and October crude oil is up $4.24 per barrel. December gold is down $90.20 per ounce. At midday, grain and soy markets remain sharply higher, led by beans and bean oil. Funds are massive buyers on Tuesday, adding to their bullish bet on ag commodities. Falling yields, strong demand, ongoing war premium and enhanced inflation concerns are adding to the bullish atmosphere. Corn, beans and wheat all rose to new contract highs Tuesday. Weather is undesirably hot and dry for the southern Midwest, Central Plains and Delta over the next week.