DTN Closing Grain Comments 06/06 13:52
Soybean Oil Pushes Higher as Wheats End Mixed on Dam News
July soybean oil was the leading percentage gainer among grain-related
contracts Tuesday, closing up 1.66 cents with help from higher closes in canola
and rapeseed oil. U.S. wheats were higher early, but ended mixed after news
circulated a vital dam and power plant had been destroyed in southern Ukraine,
forcing thousands to evacuate downstream.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed up 10 1/2 cents and December corn was up 4 cents. July
soybeans closed up 3 1/4 cents and November soybeans were up 5 cents. July KC
wheat closed down 2 cents, July Chicago wheat was up 3 3/4 cents and September
Minneapolis wheat was down 2 3/4 cents.
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