DTN Closing Grain Comments 05/24 13:59
Corn, Wheat Lower as Brazil Reportedly Cut Deal With China
July corn fell 14 1/2 cents Tuesday after Brazil's Ag Ministry said it
reached a deal to export corn to China. New-crop contracts of all three U.S.
wheats also closed lower Tuesday, despite ongoing weather challenges in the
DTN Lead Analyst
July corn closed down 14 1/2 cents and December corn was down 13 3/4 cents.
July soybeans closed up 6 cents and November soybeans were down 1 1/4 cents.
July KC wheat closed down 38 3/4 cents, July Chicago wheat was down 35 1/4
cents and September Minneapolis wheat was down 20 1/2 cents. The June U.S.
Dollar Index is trading down 0.25 at 101.85. The Dow Jones Industrial Average
is down 114.80 points at 31,765.44. June gold is up $16.30 at $1,864.10, July
silver is up $0.35 at $22.08 and July copper is down $0.0395. July crude oil is
down $0.93 at $109.36, July heating oil is down $0.0099, July RBOB gasoline is
down $0.0099 and July natural gas is up $0.056.
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