DTN Grain Close: Volatile, Nervous Trade Sends Corn, Soybeans Higher

Tuesday was no exception to the wide-ranging, volatile trade we have seen of late. The mostly hot and dry pattern forecast to expand in the western Midwest and Northern Plains through the third week in June has driven values sharply higher on soybeans, while new-crop corn finished only with decent gains.

Minneapolis wheat, having rallied nearly $1.80 in eight days took a breather Tuesday for a second straight day and has plunged over 75 cents from the high.

GENERAL COMMENTS:

July corn closed up 3/4 cent per bushel with December up 6 3/4 cents. July soybeans closed 19 3/4 higher with November up 17 cents. July KC wheat finished up 2 1/2 cents, July Chicago wheat settled up 5 cents and July Minneapolis wheat closed down 16 cents. The June U.S. Dollar Index is up 0.134 at 90.080.

The Dow Jones Industrial Average is up 8.30 points at 34,638.54. August gold is down $3.10 at $1,895.70, July silver is down $0.31 at $27.71 and July copper is up $0.0195 at $4.5460. July crude oil is up $0.88 at $70.11, July heating oil is up $0.0217, July RBOB is up $0.0272 and July natural gas is up $0.066.

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