DTN Closing Grain Comments 05/19 13:51
Wheat Markets Lead Crops in Mostly Higher Monday Session
Row-crop markets were quiet Monday but mostly slightly higher with wheat
leading the way and offering a positive influence on corn prices. Soybeans
traded both sides of even for much of the session before finally settling for a
marginal gain by the close. The market will look forward to Monday afternoon's
USDA update on planting progress for fall crops as well as winter wheat
conditions. Recent weather conditions and ahead-of-schedule planting have kept
a firm lid on prices as of late. Outside markets were mixed for Monday as well,
with a softer U.S. dollar but also mostly lower energy markets.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 4 cents and December corn was up 6 1/4 cents. July
soybeans closed up 3/4 cents and November soybeans were up 1 1/2 cents. July KC
wheat closed up 6 1/4 cents, July Chicago wheat was up 4 cents, July MIAX
Minneapolis wheat was up 12 1/4 cents.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|