DTN Closing Grain Comments    05/15 13:49
   Selloff Continues as Traders Move to Secure Profits

   Despite little explicitly bearish news emerging from President Trump's visit
to China, now that the event has come and passed traders are taking the
opportunity to secure profits on the past month's rallies in corn, soy, and
wheat futures. A decision which is likely supported by a friendly weather
outlook through the balance of May. For Friday, the bearish swing in momentum
remained in effect for row crops, and firm energy futures amid the ongoing
standoff in the Persian Gulf offered little support. Along those lines, the
U.S. 10-year Treasury yield rose to its highest mark in almost a year to close
the week and inflation fears have ramped up after hot CPI and PPI readings
earlier this week.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 11 3/4 cents and December corn was down 10 1/4 cents.
July soybeans closed down 15 1/2 cents and November soybeans were down 12 3/4
cents. July KC wheat closed down 17 1/4 cents, July Chicago wheat was down 22
1/4 cents, July MIAX Minneapolis wheat was down 17 1/4 cents.