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DTN Closing Grain Comments 05/25 13:50
Spring Wheat, Corn Rally Back to Higher Closes Wednesday
July corn and September Minneapolis wheat both overcame lower starts early
Wednesday and finished with small gains on the day, still supported by limited
supplies and active demand. July soybeans ended lower on the day, but still
enjoy strong demand and are not far from their high for 2022.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 1/2 cent and December corn was down 2 cents. July
soybeans closed down 12 cents and November soybeans were down 4 3/4 cents. July
KC wheat closed down 4 1/2 cents, July Chicago wheat was down 6 1/2 cents and
September Minneapolis wheat was up 3 1/2 cents. The June U.S. Dollar Index is
trading up 0.33 at 102.20. The Dow Jones Industrial Average is up 67.61 points
at 31,996.23. June gold is down $15.50 at $1,849.90, July silver is down $0.13
at $21.94 and July copper is down $0.0365. July crude oil is up $0.73 at
$110.50, July heating oil is up $0.1012, July RBOB gasoline is up $0.040 and
July natural gas is up $0.172.
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