DTN Closing Grain Comments 06/27 13:44
27 Jun 2022
DTN Closing Grain Comments 06/27 13:44 New Crop Corn Futures Plunge; Wheat Records Sixth Straight Down Day December corn futures extended last week's price plunge by closing sharply lower again. From high to low, Dec corn last week had fallen by over $1.00 per bushel. Moderating temperatures, and some rain in the primary belt this week, prior to the return of hot and dry weather next week, sent futures lower. Wheat could not hold early gains, closing lower for the sixth straight day, while the soy complex was higher. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn closed down 6 cents per bushel and December corn was down 21 cents. July soybeans closed up 19 3/4 cents and November soybeans were up 8 1/2 cents. September KC wheat closed down 19 1/2 cents, September Chicago wheat was down 19 cents and September Minneapolis wheat was down 28 3/4 cents.