DTN Closing Grain Comments 05/29 13:49
Corn, Wheat Prices End Lower in May, While Soybean Oil Pushes Higher
December corn closed down 7 1/4 cents and July contracts of all three U.S.
wheats finished lower Friday, showing signs of losing support as we head to
June. November soybeans were down 4 cents, but July soybean oil closed up 1.02
cents Friday, the July contract's highest close in over three years at a time
when U.S. diesel inventory remains scarce.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed down 9 cents and December corn was down 7 1/4 cents. July
soybeans closed down 7 3/4 cents and November soybeans were down 4 cents. July
KC wheat closed down 15 1/2 cents, July Chicago wheat was down 13 1/2 cents and
July Minneapolis wheat was down 13 3/4 cents.
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