DTN Closing Grain Comments 06/18 14:38
Grains Post Quick Turnaround After Dumping Specs Thursday
One day after heavy noncommercial selling took grain prices sharply lower,
those same grains turned quickly higher Friday, taking back much of Thursday'
lost ground. It continues to be a volatile time for grains with outside topics
distracting traders from stressful crop conditions in the field.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 22 1/4 cents and December corn was up 33 3/4 cents. July
soybeans closed up 66 1/4 cents and November soybeans were up 60 1/4 cents.
July KC wheat closed up 21 1/4 cents, July Chicago wheat was up 23 3/4 cents
and September Minneapolis wheat was up 6 3/4 cents.
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