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DTN Closing Grain Comments 05/14 13:51

14 May 2024
DTN Closing Grain Comments 05/14 13:51 Soybean Oil Prices Retreat, Lead Crop Prices Lower Tuesday After Tuesday morning's news revealed used cooking oil was not on the White House list of Chinese goods charged higher tariffs, July soybean oil finished down 1.75 cents, the largest percentage loss among crop-related prices that were broadly lower Tuesday. After closing at their highest prices in 2024 on Monday, July contracts of KC and Chicago wheat both posted double-digit losses Tuesday. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed down 5 cents and December corn was down 2 cents. July soybeans closed down 5 cents and November soybeans were down 7 1/4 cents. July KC wheat closed down 16 3/4 cents, July Chicago wheat was down 14 1/2 cents and July Minneapolis wheat was down 5 cents.
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