News & Resources

DTN Closing Grain Comments 05/24 13:50

24 May 2024
DTN Closing Grain Comments 05/24 13:50 Soybean Meal Prices Pull Soybeans Higher Friday July soybeans closed up 8 3/4 cents Friday, pulled higher by a $9.80 gain in July soybean meal, a strong sign of demand. July contracts of KC and Minneapolis wheats were also higher Friday and for the week, helped by ongoing concerns about dry crop conditions around the Black Sea. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed up 3/4 cent and December corn was up 1 3/4 cents. July soybeans closed up 8 3/4 cents and November soybeans were up 3 1/2 cents. July KC wheat closed up 10 1/2 cents, July Chicago wheat was down 3/4 cent and July Minneapolis wheat was up 8 3/4 cents.