DTN Closing Grain Comments 06/02 14:02
Friday Rallies Send Corn, Soybeans, Wheat Higher
July soybean oil led Friday's gains with the largest percentage increase in
the grain sector, followed by July contracts of corn, soybeans and Minneapolis
wheat. Dry weather across the Midwest and likely short-covering ahead of
Sunday's OPEC meeting were part of Friday's bullish influences.
DTN Lead Analyst
July corn closed up 16 1/2 cents and December corn was up 11 1/4 cents. July
soybeans closed up 23 cents and November soybeans were up 14 3/4 cents. July KC
wheat closed up 9 3/4 cents, July Chicago wheat was up 8 1/4 cents and
September Minneapolis wheat was up 15 1/2 cents.
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