DTN Closing Grain Comments 05/27 13:55
Grain, Oilseed Prices End Higher on Way to 3-Day Break
Active contracts of corn, soybeans and all three U.S. wheats were higher
Friday, supported largely by limited supplies of all three as we head into
Memorial Day weekend and toward new-crop seasons. July soybean oil was the only
red quote in Friday's grain sector, ending down 0.95 cent, even though July
crude oil was trading higher Friday afternoon, near $115 a barrel and on track
for a new high close.
DTN Lead Analyst
July corn closed up 12 1/4 cents and December corn was up 11 1/4 cents. July
soybeans closed up 5 3/4 cents and November soybeans were down 3/4 cent. July
KC wheat closed up 6 3/4 cents, July Chicago wheat was up 14 1/4 cents and
September Minneapolis wheat was up 13 cents. The June U.S. Dollar Index is
trading down 0.11 at 101.75. The Dow Jones Industrial Average is up 357.44
points at 32,994.63. June gold is up $2.40 at $1,850.0, July silver is up $0.14
at $22.10 and July copper is up $0.0540. July crude oil is up $1.12 at $115.21,
July heating oil is up $0.0601, July RBOB gasoline is up $0.1186 and July
natural gas is down $0.222.
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