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DTN Closing Grain Comments 05/16 13:56
Corn, Wheat Prices Show Caution Thursday After Recent Rallies
December corn closed down 5 1/4 cents and the July contracts of all three
wheats were modestly lower Thursday, all showing caution after trading at new
significant highs earlier in the week. November soybeans ended down 2 cents,
but found support from higher soybean oil prices, related to flooding problems
in southern Brazil.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed down 5 1/2 cents and December corn was down 5 1/4 cents.
July soybeans closed up 2 3/4 cents and November soybeans were down 2 cents.
July KC wheat closed down 1 3/4 cents, July Chicago wheat was down 2 1/2 cents
and July Minneapolis wheat was down 6 1/4 cents.
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