DTN Closing Grain Comments 06/16 13:52
16 Jun 2023
DTN Closing Grain Comments 06/16 13:52 Grain and Soy Complex Scream Higher Again on Drought Expansion; Soymeal Surges Thursday's release of the weekly Drought Monitor and NOAA's seasonal outlook for the summer added to the bullish enthusiasm and extended the early weather market gains again Friday. Wheat and soybean meal joined the strength Thursday on reports that end users may be extending ownership. Dana Mantini DTN Lead Analyst GENERAL COMMENTS: July corn closed up 17 cents per bushel at 6.40 and December corn was up 23 cents at 5.98. July soybeans closed up 38 1/4 cents at 14.67 and November soybeans were up 50 cents at 13.42. July KC wheat closed up 29 1/4 cents at 8.42, July Chicago wheat was up 26 1/2 cents at 6.88 and September Minneapolis wheat was up 20 3/4 cents at 8.54.