River Valley MFA  - CLICK - MFA CONNECT

DTN Closing Grain Comments    05/28 13:44
   Corn and Soy Complex Rise Thursday; KC Wheat Falls for Sixth Straight Day

   Corn, soybeans and soy products finished firm on Thursday with Kansas City
wheat down for a sixth consecutive day and all three wheat markets lower. July
corn was able to bounce above the major support area of $4.50, and July beans
likewise stayed above the $11.80 area. There was a dearth of news as traders
await a solid peace plan with Iran and the return of China to U.S. ag markets.
News sources indicate a memorandum of understanding (MOU) has been reached with
Iran for a 60-day extension of the ceasefire and nuclear negotiations to
continue, but is awaiting presidential approval.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   July corn closed up 3 1/4 cents per bushel at $4.55 3/4 and September
closed up 4 1/2 cents per bushel at $4.64 1/4 and July soybeans closed up 9 1/4
cents at $11.94 1/2 and August soybeans were up 11 1/4 cents at $11.96. July KC
wheat closed down 4 1/2 cents at $6.65 1/4, July Chicago wheat was up 1 1/2
cents at $6.24 and MIAX July Minneapolis wheat was down 3/12 cents at $6.77 1/4.