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DTN Closing Grain Comments 05/14 13:58
Soybeans and Oil Firm, Wheat Bounces and Corn Mixed in Slow Trade
On a quiet day of trade, Kansas City and Chicago wheat challenged the lows
before bouncing to finish higher, while Minneapolis set a new low and stayed
weak. Corn was mixed with spot firm and new crop little changed, and bean oil
rose for a fifth consecutive day, dragging soybeans up as well.
Dana Mantini
Senior Market Analyst
GENERAL COMMENTS:
July corn closed up 3 cents per bushel at $4.45 1/2 and December corn was
down 1/2 cents at $4.40 1/2. July soybeans closed up 5 1/4 cents at $10.77 3/4
and November soybeans were up 1 3/4 cents at $10.61 1/4. July KC wheat closed
up 11 1/4 cents at $5.23, July Chicago wheat was up 7 1/2 cents at $5.24 3/4
and July Minneapolis wheat was down 3 3/4 cents at $5.77.
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