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DTN Closing Grain Comments    05/22 13:42
   Wheat Forges a New Recent High But Can't Hold, Corn and Soybeans and Soy
Products Finish Higher

   All three wheat markets along with the French milling wheat futures rushed
to new rally highs before reversing to trade lower. Paris milling wheat gapped
higher before finishing down, and Kansas City and Chicago July both had
round-trippers, with Chicago and KC finishing more than 20 cents lower than the
high. Corn and soybeans also started higher, fading at mid-session before
finishing strong.

Todd Hultman
DTN Lead Analyst


   July corn finished up 3 1/4 cents per bushel and July soybeans were up 10
cents per bushel. July KC wheat closed down 2 cents per bushel, July Chicago
wheat was down 4 1/2 cents per bushel and July Minneapolis wheat finished the
day down 2 1/4 cents.
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