DTN Closing Grain Comments    05/09 13:54
   Trade Optimism, Technical Buying Lift Corn and Soy Markets to Close Week

   U.S. ag markets were mostly higher Friday with the exception of wheat
futures which continue to be under heavy selling pressure ahead of Monday's
updated look into world fundamentals for the next marketing year. Corn and
soybean markets traded higher, with the latter putting in double-digit gains
early before strength faded by afternoon. The soybean move higher was driven
primarily by trade optimism after President Trump floated the idea of an 80%
tariff on China on Thursday, ahead of the meeting between officials from the
United States and China on Saturday. Outside markets were mostly supportive to
ag futures on Friday, with the U.S. dollar correcting slightly following a
strong day Thursday and crude oil futures working toward a third positive
session in the past four and trading at the highest price for the month of May
thus far.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 2 1/4 cents and December corn was up 3 1/4 cents. July
soybeans closed up 6 3/4 cents and November soybeans were up 5 1/2 cents. July
KC wheat closed down 7 1/4 cents, July Chicago wheat was down 7 1/2 cents, July
Minneapolis wheat was down 7 1/4 cents.