Freeland Bean and Grain Inc.


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DTN Closing Grain Comments    05/22 13:45
   Corn, Soy Trade Higher While Wheat Falls to Close Week

   Friday was a quiet session with little fresh news to drive prices as corn
and soybeans were able to stabilize after turning lower through the middle of
the week. Wheat futures, however, traded steadily lower despite higher energy
prices to close the week with no clear path yet to a resolution in the Middle
East and reopening of the Strait of Hormuz. The two-week forecast looks to
bring much-needed rainfall to drought-stricken areas in the Western Plains and
Southeast U.S. This kept a lid on price momentum as traders likely wished to
act cautiously ahead of a long weekend with markets closed on Monday for
Memorial Day.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 1 cent and December corn was up 1 1/2 cents. July
soybeans closed up 2 1/4 cents and November soybeans were up 1 cent. July KC
wheat closed down 5 cents, July Chicago wheat was down 1 1/4 cents, July MIAX
Minneapolis wheat was down 3/4 cent.

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