DTN Closing Grain Comments 05/30 13:51
Back From Three-Day Weekend, Crop Prices End Sharply Lower
Except for rain in the western Plains, most crop areas stayed warm and dry
over the weekend, favorable for planting progress. New-crop contracts of corn,
soybeans and all three U.S. wheats suffered big losses Tuesday with scattered
chances for rain this week that continue to favor western areas.
DTN Lead Analyst
July corn closed down 10 cents and December corn was down 9 1/4 cents. July
soybeans closed down 40 3/4 cents and November soybeans were down 36 1/4 cents.
July KC wheat closed down 35 1/2 cents, July Chicago wheat was down 25 cents
and September Minneapolis wheat was down 24 3/4 cents.