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DTN Closing Grain Comments    05/13 13:51
   Row Crops Mixed as Markets Return to Weather-Focused Trade

   Trade Tuesday was naturally much quieter compared to Monday's WASDE report
session. Soybean futures continued to build off Monday's price jump, although
gains were muted by strong planting progress made over the past week. The same
planting report from Monday afternoon pressured corn prices as well on Tuesday.
Wheat markets were mixed among the major varieties, with Kansas City futures
finding buying support on technical support despite bearish fundamentals
published in Monday's USDA release. Outside markets were mostly of positive
influence to ag markets Tuesday with stock indices mostly higher after a
cooler-than-expected inflation reading in Tuesday morning Consumer Price Index
release. Meanwhile, energy markets continue to mount a comeback from last
week's multi-year lows, with NYMEX crude oil futures working toward a fourth
straight session higher.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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