DTN Closing Grain Comments    07/14 13:46
   Traders Display Indecision in Two-Sided Trade to Start Week

   Row crop prices posted double-digit trading ranges on Monday in the first
full session removed from Friday's USDA updates. It appears traders are torn
between their previous bearish rationale given there has been little change on
the weather radar with ample precipitation through the next 15 days. Outside
markets were mixed Monday with stock indices recovering from a lower start amid
heightened trade tensions between the U.S. and Mexico as well as the European
Union. The EU has stated that retaliatory action will not be considered until
following the Aug. 1 deadline, so investors took that with a hint of optimism.
Energy markets on the other hand turned lower after a firm start as traders and
investors await further news on possible U.S. sanctions against Russia,
meanwhile the ongoing tariff headlines and OPEC+ production increases through
summer are weighing on prices.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 4 cents and December corn was up 5 3/4 cents.
August soybeans closed down 3 1/4 cents and November soybeans were down 1/4
cents. September KC wheat closed down 1 1/4 cents, September Chicago wheat was
down 3 1/2 cents, September MIAX Minneapolis wheat was down 10 cents.