DTN Closing Grain Comments 05/19 13:45
Soybean Prices Rebound Thursday; Wheat Slides Lower
July soybeans quickly erased Wednesday's loss and closed up 27 3/4 cents
Thursday, helped by an $11.30 gain in July soybean meal after USDA reported
293,100 mt of meal sold for export last week. New-crop contracts of wheat were
lower a second day, a continuation of the noncommercial selling triggered by
Wednesday's sharp stock market sell-off.
DTN Lead Analyst
July corn closed up 1 3/4 cents and December corn was down 4 1/4 cents. July
soybeans closed up 27 3/4 cents and November soybeans were up 15 cents. July KC
wheat closed down 29 1/4 cents, July Chicago wheat was down 30 1/4 cents and
September Minneapolis wheat was down 22 1/4 cents. The June U.S. Dollar Index
is trading down 1.12 at 102.74. The Dow Jones Industrial Average is down 166.72
points at 31,323.35. June gold is up $23.50 at $1,839.40, May silver is up
$0.41 at $21.95 and May copper is up $0.1080. June crude oil is up $2.47 at
$112.06, June heating oil is up $0.0938, June RBOB gasoline is up $0.0772 and
June natural gas is up $0.017.
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