DTN Closing Grain Comments 05/12 14:02
Winter Wheat Falls on Wet Forecast; Soybeans Keep Climbing Higher
July KC wheat closed down 19 3/4 cents Wednesday, pressured by rain in the
forecast for the U.S. southwestern and Southern Plains. Meanwhile, July
soybeans finished up 27 3/4 cents at a new contract high, happening even before
USDA released its reports for the day.
DTN Lead Analyst
July corn closed down 7 1/2 cents and December corn was down 18 1/4 cents.
July soybeans closed up 27 3/4 cents and November soybeans were up 12 1/4
cents. July KC wheat closed down 19 3/4 cents, July Chicago wheat was down 12
cents and July Minneapolis wheat was down 5 cents. The June U.S. Dollar Index
is trading up 0.59 at 90.72. The Dow Jones Industrial Average is down 510.97
points at 33,758.19. June gold is down $15.30 at $1,820.80, July silver is down
$0.42 at $27.25 and July copper is down $0.0240. June crude oil is up $1.0 at
$66.28, June heating oil is up $0.0332, June RBOB gasoline is up $0.0251 and
June natural gas is up $0.016.
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