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DTN Closing Grain Comments 05/16 14:02
Wheat, Corn, Soybeans Leak Lower; Bean Oil Recovers Only to Fail Again
On a slow day of trade, wheat markets ended the 3-day corrective rally to
fall sharply again. Corn and soybeans rebuffed early strength to slide lower as
a rapid planting pace and the prospect for rain next week weighed on values.
Bean oil, having gapped lower in Thursday's overnight trade, recovered to trade
higher before failing late.
Dana Mantini
Senior Market Analyst
05/16/2025
GENERAL COMMENTS:
July corn closed down 5 cents per bushel at $4.43 1/2 and September corn was
down 3 1/2 cents at $4.21 1/2. July soybeans closed down 1 1/4 cents at $10.50
0/1 and August soybeans were down 1 cent at $10.46 1/4. July KC wheat closed
down 11 3/4 cents at $5.16 1/2, July Chicago wheat was down 7 3/4 cents at
$5.25 0/1 and July Minneapolis wheat was down 6 3/4 cents at $5.73 1/4.
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