DTN Grain Closing: Spot Corn Sets New High

    Freshly harvest soybeans loaded in truck for transport to grain elevator. ©Debra L Ferguson

    In a wild trading week, which saw spot May corn move up and down the limit in one day and finish over 84 cents higher, corn closed out the month on a high note. Funds will typically try to dress up the close to suit their position at month end and they were undoubtedly buying corn, soybeans and soy oil. Wheat sloughed off early weakness to go along for the ride.

    GENERAL COMMENTS:

    July corn closed up 25 cents per bushel, July soybeans finished up 32 cents, July KC wheat closed up 9 cents, July Chicago wheat was up 5 3/4 cents and July Minneapolis wheat closed up 19 1/4 cents. The June U.S. Dollar Index is trading up 0.662 at 91.255. The Dow Jones Industrial Average is down 190.39 points at 33,869.97. June gold is up $0.30 at $1,768.60, July silver is down $0.14 at $25.95 and July copper is down $0.0320 at $4.4545. June crude oil is down $1.46 at $63.55, June heating oil is down $0.0418, June RBOB is down $0.0328 and June natural gas is up $0.027.

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