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DTN Closing Grain Comments 05/03 14:05
Winter Wheat Prices Lead Grains Higher, While Soybean Oil Ends Near New
3-Year Low
July Chicago wheat closed up 18 1/4 cents at $6.22 1/2, Friday's largest
percentage gainer in the grain-related sector with more rain expected on a
soggy SRW wheat crop next week. November soybeans closed up 13 1/4 cents at a
new one-month high, but July soybean oil fell to its lowest weekly close in
over three years.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 1/2 cent and December corn was up 3 1/4 cents. July
soybeans closed up 16 cents and November soybeans were up 13 1/4 cents. July KC
wheat closed up 13 3/4 cents, July Chicago wheat was up 18 1/4 cents and July
Minneapolis wheat was up 5 1/4 cents.
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