DTN Grain Close: Corn, Soybean Futures Surge Again

    Photo: Andrew Sawyer, University of Georgia

    July soybeans soared to a new contract high Tuesday and July corn challenged its high, before setting back. Expectations are for Wednesday’s May WASDE report to reflect a more bullish balance sheet for both old- and new-crop corn and beans.

    GENERAL COMMENTS:

    July corn closed up 10 1/2 cents per bushel, July soybeans closed up 27 1/4 cents, July KC wheat finished up 7 cents, July Chicago wheat closed up 11 1/4 cents and July Minneapolis wheat settled up 17 1/4 cents.

    The June U.S. Dollar Index is trading down 0.050 at 90.135. The Dow Jones Industrial Average is down 543.84 points at 34,198.98. June gold is down $2.20 at $1,835.40, July silver is up $0.18 at $27.67 and July copper is up $0.0755 at $4.7915. June crude oil is up $0.33 at $65.25, June heating oil is up $0.0244, June RBOB is up $0.0058 and June natural gas is up $0.023.

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