DTN Closing Grain Comments 05/17 13:51
Spring Wheat Falls With Rain in the Forecast
September Minneapolis wheat closed down 25 1/2 cents Monday, the largest
percentage loss on the commodity board with rain in the forecast for the
northwestern U.S. Plains. Row crops were firmer with July corn up 8 3/4 cents.
DTN Lead Analyst
July corn closed up 8 3/4 cents and December corn was down 5 1/2 cents. July
soybeans closed up 1 1/4 cents and November soybeans were down 3 3/4 cents.
July KC wheat closed down 5 1/2 cents, July Chicago wheat was down 7 1/2 cents
and July Minneapolis wheat was down 25 3/4 cents. The June U.S. Dollar Index is
trading down 0.18 at 90.14. The Dow Jones Industrial Average is down 90.33
points at 34,291.80. June gold is up $30.30 at $1,868.40, July silver is up
$1.02 at $28.39 and July copper is up $0.0595. June crude oil is up $1.04 at
$66.41, June heating oil is up $0.0285, June RBOB gasoline is up $0.0346 and
June natural gas is up $0.155.
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