DTN Closing Grain Comments    05/19 13:50
   Grains Turn Quiet as Traders Key in on Weather

   After firm overnight trade early Tuesday, row-crop futures faded from early
highs by the day session, still supported by the weekend's bullish trade ideas
but displaying caution as well given what remain healthy reserves at least for
the time being, along with a strong seasonal tendency to hit highs in the late
spring or early summer. It is very likely growing-season weather will dictate
price direction from here. Meanwhile, energy futures softened on Tuesday after
it was reported President Trump canceled an attack against Iran originally
scheduled for Tuesday, at the urging of Persian Gulf allies. However, despite
the peace efforts there have been very few reports of sustained negotiations
between the U.S. and Iran, and the situation remains tense to say the least.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 1 3/4 cents and December corn was down 1/4 cents. July
soybeans closed down 3 1/2 cents and November soybeans were up 2 cents. July KC
wheat closed unchanged, July Chicago wheat was up 2 3/4 cents, July MIAX
Minneapolis wheat was down 6 3/4 cents.