DTN Closing Grain Comments    06/17 13:48
   Row Crops Extend Price Recovery on Bounce From Chart Support

   For the time being, row-crop futures appear to have found a floor and have
stabilized over the past handful of sessions after a steep selloff over the
second half of May and early June. Wheat futures led the way higher as traders
continue to weigh risks across the globe with lower year-over-year production
forecast for several significant producing countries over the next six or so
months but historically large reserves in the near term. Soybeans held to
marginal gains despite bearish influence from the products markets. Outside
markets were mostly supportive with higher energy markets, though crude fell
well off daily highs as traders remain confident the interim peace agreement
will hold and see the Strait of Hormuz reopened to energy trade. On Wednesday
afternoon, the Federal Reserve voted to hold interest rates steady in an almost
universally expected move given the rise of inflation concerns amid the energy
shock of early 2026.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 7 1/4 cents and December corn was up 6 1/4 cents. July
soybeans closed up 2 cents and November soybeans were up 2 3/4 cents. July KC
wheat closed up 18 3/4 cents, July Chicago wheat was up 16 3/4 cents, July MIAX
Minneapolis wheat was up 13 1/4 cents.