DTN Closing Grain Comments    07/01 13:50
   Row Crops Begin July With Modest Gains

   Corn, soybean, and wheat markets moved higher Wednesday to begin July, as
prices continued to bounce from multi-month lows hit earlier this week. While
Tuesday's USDA data wasn't explicitly bullish, sometimes the market's worst
fears lie in anticipation, and simply having the estimates out can be a weight
off prices. Wheat, however, did benefit from bullish USDA figures on Tuesday,
with 2026 acreage falling yet again. In outside markets, WTI crude futures fell
once again, but still hover just above the pre-war levels from late February.
Equity markets were higher with the Dow Jones Industrial Average at another
record. Meanwhile, the U.S. Dollar Index rose for a second straight session and
remains among the highest levels of 2026 thus far.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 6 cents and December corn was up 6 1/4 cents.
August soybeans closed up 9 cents and November soybeans were up 5 1/2 cents.
September KC wheat closed up 9 3/4 cents, September Chicago wheat was up 10 3/4
cents, September MIAX Minneapolis wheat was up 12 cents.