DTN Closing Grain Comments 05/06 13:46
6 May 2024
DTN Closing Grain Comments 05/06 13:46 Adverse Weather and Speculative Short-Covering Combine to Send Crop Prices Higher July soybeans closed up 33 3/4 cents and July corn was up 8 3/4 cents, two old-crop prices that received boosts from South American harvest problems Monday. July contracts of KC and Chicago wheat posted their highest closes this year with severe weather expected in the southern Plains Monday, shifting to the Ohio River Valley by Wednesday. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed up 8 3/4 cents and December corn was up 5 3/4 cents. July soybeans closed up 33 3/4 cents and November soybeans were up 18 3/4 cents. July KC wheat closed up 25 cents, July Chicago wheat was up 26 1/4 cents and July Minneapolis wheat was up 7 1/2 cents.