DTN Closing Grain Comments 05/20 13:59
20 May 2024
DTN Closing Grain Comments 05/20 13:59 Black Sea Crop Concerns Send Wheat Prices Higher Monday July contracts of all three wheats closed sharply higher Monday, supported by increasing concerns over crop conditions in the Black Sea region and another forecast for rain in western Europe. December corn closed up 7 3/4 cents and November soybeans were up 13 1/2 cents, supported by Monday's higher wheat prices and by their own crop concerns in early 2024. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed up 8 cents and December corn was up 7 3/4 cents. July soybeans closed up 20 cents and November soybeans were up 13 1/2 cents. July KC wheat closed up 35 cents, July Chicago wheat was up 37 1/2 cents and July Minneapolis wheat was up 27 3/4 cents.