DTN Closing Grain Comments 05/13 13:51
13 May 2024
DTN Closing Grain Comments 05/13 13:51 Wheat Prices Surge Higher Monday With Russian Crop Concerns July contracts of all three U.S. wheats posted double-digit gains Monday with ongoing concerns that part of Russia's wheat crop may have suffered damage from sub-freezing temperatures last week and possibly over the weekend. Corn and soybeans posted small gains with unconfirmed talk President Biden's list of higher tariffs on China may include used cooking oil. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed up 2 3/4 cents and December corn was up 1 cent. July soybeans closed up 1/2 cent and November soybeans were up 6 1/2 cents. July KC wheat closed up 26 3/4 cents, July Chicago wheat was up 23 1/2 cents and July Minneapolis wheat was up 18 1/4 cents.