DTN Closing Grain Comments 05/26 13:57

DTN Closing Grain Comments 05/26 13:57 Soybeans Soar and Wheat Recovers From More Early Selling Pressured by the not so trustworthy Russian claim that they would open shipping corridors for the export of Ukraine grain in return for some sanctions being lifted, wheat rallied in disbelief, before finishing mixed. The key is that lifted sanctions as a condition is unlikely to happen any time soon. Soybeans soared, led by spot July, as products also rallied sharply, bean oil benefitting from the surge in crude oil and old-crop soy exports keep creeping higher. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn closed down 7 1/4 cents per bushel and December corn was down 4 1/2 cents. July soybeans closed up 45 1/2 cents and November soybeans were up 32 cents. July KC wheat closed down 4 3/4 cents, July Chicago wheat was down 5 cents and July Minneapolis wheat was up 13 1/2 cents. The June U.S. Dollar Index is trading down 0.207 at 101.870. The Dow Jones Industrial Average is up 600.05 points at 32,720.33. June gold is up $1.30 at $1,847.60, July silver is up $0.10 at $21.97 and July copper is up $0.0095 at $4.2640. July crude oil is up $3.76 at $114.09, July heating oil is up $0.1046, July RBOB is up $0.0707 and July natural gas is down $0.099.