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DTN Closing Grain Comments 05/10 14:15
Wheat, Corn Prices Show Biggest Gains on Report Day
July Chicago wheat closed up 26 cents at $6.63 1/2, the largest percentage
gainer in Friday's grain-related sector after USDA estimated lower SRW wheat
production than expected. December corn closed up 12 cents, helped by a lower
production estimate and November soybeans were up 5 1/4 cents.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 13 1/4 cents and December corn was up 12 cents. July
soybeans closed up 10 1/2 cents and November soybeans were up 5 1/4 cents. July
KC wheat closed up 21 1/2 cents, July Chicago wheat was up 26 cents and July
Minneapolis wheat was up 16 1/4 cents.
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