DTN Closing Grain Comments 06/03 13:43
3 Jun 2024
DTN Closing Grain Comments 06/03 13:43 Crop Prices Start New Week Lower After Bearish Response To OPEC+ Meeting December corn closed down 4 1/4 cents and November soybeans were down 20 3/4 cents, pulled down by larger percentage losses in soybean oil and canola after July crude oil dropped to its lowest price in three months. Wheat prices also finished lower, even though the forecast for southern Russia remains mostly dry. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: July corn closed down 2 3/4 cents and December corn was down 4 1/4 cents. July soybeans closed down 20 1/2 cents and November soybeans were down 20 3/4 cents. July KC wheat closed down 8 3/4 cents, July Chicago wheat was down 5 3/4 cents and July Minneapolis wheat was down 6 cents.