DTN Closing Grain Comments 05/16 13:56
16 May 2024
DTN Closing Grain Comments 05/16 13:56 Corn, Wheat Prices Show Caution Thursday After Recent Rallies December corn closed down 5 1/4 cents and the July contracts of all three wheats were modestly lower Thursday, all showing caution after trading at new significant highs earlier in the week. November soybeans ended down 2 cents, but found support from higher soybean oil prices, related to flooding problems in southern Brazil. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed down 5 1/2 cents and December corn was down 5 1/4 cents. July soybeans closed up 2 3/4 cents and November soybeans were down 2 cents. July KC wheat closed down 1 3/4 cents, July Chicago wheat was down 2 1/2 cents and July Minneapolis wheat was down 6 1/4 cents.