DTN Closing Grain Comments    05/21 13:46
   US Row Crops Continue to Push Higher Through Midweek

   U.S. markets again posted solid gains across the major row crops on
Wednesday, with soybeans catching a bid and surging to a double-digit gain.
Wheat markets continue to attract buying attention as heavy-selling speculators
thus far through the spring may be viewing their positions as of last week as
overexposed given the worrisome weather across several key wheat growing
regions in the world. Corn was again able to borrow strength from the wheat
market as well as some emerging concerns of potential late-season planting
delays primarily in the Eastern Corn Belt. Outside markets for Wednesday were
mixed, with the U.S. Dollar Index continuing to sink following Moody's credit
downgrade on Monday, while energy markets have faded off early strength which
was due to reports that Israel was preparing a strike against Iran's nuclear
infrastructure.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 6 1/2 cents and December corn was up 7 cents. July
soybeans closed up 9 3/4 cents and November soybeans were up 11 1/4 cents. July
KC wheat closed up 4 1/4 cents, July Chicago wheat was up 3 1/4 cents, July
MIAX Minneapolis wheat was up 6 1/2 cents.