DTN Grain Close: Storms Roll Across Plains, Cratering Markets

In a weird reaction to a bullish June WASDE report on corn, some storms moving across parts of the Western Corn Belt and the Northern Plains sent corn reeling Friday. Wheat and soybeans, already bogged down by the slightly bearish WASDE report, also fell hard as the storms promised some relief to the ongoing drought in the north.

GENERAL COMMENTS:

July corn closed down 14 1/2 cents per bushel and December closed down 6 3/4 cents. July soybeans finished down 35 1/2 cents with November down 20 3/4 cents. July KC wheat settled down 2 1/4 cents, July Chicago wheat was down 3 cents and September Minneapolis wheat finished down 14 1/2 cents.

The June U.S. Dollar Index is trading up 0.502 at 90.580. The Dow Jones Industrial Average is down 32.28 points at 34,433.96. August gold is down $17.80 at $1,878.60, July silver is up $0.07 at $28.10 and July copper is up $0.0580 at $4.5430. July crude oil is up $0.65 at $70.94, July heating oil is down $0.0242, July RBOB is down $0.0277 and July natural gas is up $0.147.

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