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DTN Closing Grain Comments 05/14 13:53

14 May 2019
DTN Closing Grain Comments 05/14 13:53 Powerful Rally From Monday's Lows in Grain and Soy Markets Following Monday's new lows in corn, wheat and soybeans, all three markets surged higher on Tuesday, led by soybeans and corn, which gapped higher in both old and new crop. While the failure to reach a U.S.-China trade accord, and Friday's bearish USDA report sent prices reeling on Friday and Monday, the slower-than-expected planting pace on corn and soybeans forced funds to cover shorts, and end users to buy also as weather premium is being added back to the markets.