DTN Closing Grain Comments    05/27 13:44
   Oilseeds Find Support Wednesday While Grains Continue Slide

   Corn and wheat futures headed lower yet again on Wednesday, pressured by
weak energy futures after reports circulated that an agreement had been reached
between the U.S. and Iran to reopen the Strait of Hormuz and withdraw U.S.
troops from the region, a narrative which the White House later said was false.
Still, crude oil futures remained under pressure through the session and among
the lowest West Texas Intermediate prices in over a month. Meanwhile, the
soybean complex was able to find support led by strong trade in products
markets with soybean oil reversing from early lows along with diesel futures.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 5 cents and December corn was down 4 1/2 cents. July
soybeans closed down 3/4 cents and November soybeans were up 1 1/4 cents. July
KC wheat closed down 6 1/2 cents, July Chicago wheat was down 13 cents, July
MIAX Minneapolis wheat was down 11 cents.