DTN Closing Grain Comments    05/22 14:12
   Corn and Soybeans Further Weekly Gains, Wheat Rally Takes Breather on
Thursday

   Row crop markets were mixed Thursday with old crop corn and soybean futures
able to extend their weekly price rallies, while new crop corn futures slipped
following an impressive three-day rally. Wheat prices were lower across the
board after hitting technical resistance by mid-week as traders paused short
covering efforts likely to reassess current conditions. Outside markets were
mixed to slightly negative influence on ag markets for Thursday, a stronger
U.S. dollar and generally weaker energy markets. In other news, the U.S. House
of Representatives just narrowly passed President Trump's "Big, Beautiful
Bill," which will now move onto the Senate.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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