DTN Closing Grain Comments 05/17 13:53

05/17/2024

DTN Closing Grain Comments 05/17 13:53
Corn, Wheat Prices End Lower Friday; Oils Give Soybean Prices a Lift

Corn and wheat prices closed lower Friday and for the week, despite ongoing
weather concerns in several crop areas. November soybeans were up 4 1/4 cents
Friday with a modest boost from higher closes in the prices of major plant
oils, including a 0.75 cent gain in July soybean oil.

Todd Hultman
DTN Lead Analyst

GENERAL COMMENTS:

July corn closed down 4 1/2 cents and December corn was down 5 1/4 cents.
July soybeans closed up 11 3/4 cents and November soybeans were up 4 1/4 cents.
July KC wheat closed down 11 1/2 cents, July Chicago wheat was down 12 cents
and July Minneapolis wheat was down 9 1/4 cents.