DTN Closing Grain Comments 06/01 13:49
1 Jun 2023
DTN Closing Grain Comments 06/01 13:49 New-Crop Corn, Soybean Prices Higher as Drought Monitor Raises Concerns December corn closed up 8 1/4 cents and November soybeans were up 22 1/2 cents after Thursday's U.S. Drought Monitor showed an expansion of abnormally dry conditions throughout the Midwest. A second manufacturing index from China contradicted Wednesday's bearish news and showed slight expansion in May, giving soybean prices extra lift Thursday. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed down 1 1/2 cents and December corn was up 8 1/4 cents. July soybeans closed up 29 3/4 cents and November soybeans were up 22 1/2 cents. July KC wheat closed up 12 cents, July Chicago wheat was up 16 1/2 cents and September Minneapolis wheat was up 8 1/4 cents.