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DTN Closing Grain Comments 05/13 13:59
Corn Limit Down as Grain Prices Tumble
July corn closed down its 40-cent daily limit Thursday, a show of how
nervous the market is getting at these higher price levels. Grains had many of
the largest percentage losses on Thursday's commodity board, led by a 6.1% drop
in July soybean meal.
Todd Hultman
DTN Lead Analyst
GENERAL COMMENTS:
July corn closed down its 40-cent daily limit and December corn was down 34
3/4 cents. July soybeans closed down 58 1/2 cents and November soybeans were
down 47 1/4 cents. July KC wheat closed down 33 cents, July Chicago wheat was
down 28 1/4 cents and July Minneapolis wheat was down 24 1/4 cents. The June
U.S. Dollar Index is trading up 0.10 at 90.79. The Dow Jones Industrial Average
is up 482.11 points at 34,069.77. June gold is up $2.30 at $1,825.10, July
silver is down $0.11 at $27.14 and July copper is down $0.0440. June crude oil
is down $2.30 at $63.78, June heating oil is down $0.0696, June RBOB gasoline
is down $0.0662 and June natural gas is up $0.006.
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