DTN Closing Grain Comments    06/08 13:48
   Selling Pace Eases as Crop Futures Trade Mixed to Begin Week

   Corn and wheat markets finally found some sense of stability following a
two-week rout which sent prices to multi-month lows, with corn futures
reversing off early lows as bargain buyers finally stepped in after six
consecutive sharply lower sessions. Soybean futures have also seen selling pace
slow in recent sessions but remained lower, with traders frustrated by a lack
of confirmed sales to China for the upcoming marketing year. Outside markets
leaned positive for Monday, with stocks recovering from an ugly close to the
week on Friday. Crude oil (and other energy) futures were marginally higher as
well after a weekend of escalated attacks between Iran and Israel, though crude
prices fell from daily highs after both sides agreed to halt the renewed
aggression for now.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 1 1/4 cents and December corn was unchanged. July
soybeans closed down 5 3/4 cents and November soybeans were down 2 cents. July
KC wheat closed up 9 cents, July Chicago wheat was up 3 1/4 cents, July MIAX
Minneapolis wheat was unchanged.