DTN Closing Grain Comments    04/27 13:49
   Row Crop Futures Firm to Begin Week

   The soybean complex led crop futures higher on Monday, despite another round
of canceled peace talks in the Middle East over the weekend. The soybean market
has recently traded bearishly on signals of continued conflict in the Persian
Gulf, but for Monday ignored that recent trend. Corn and wheat futures were
higher as well, with the latter continuing to rally on widespread drought
across the wheat areas in the U.S., with conditions expected to decline once
again in Monday afternoon's Crop Progress report. Energy markets were firm on
the news of stalled negotiations between the U.S. and Iran, with West Texas
Intermediate crude oil futures higher for the fifth time in the past six
sessions. Equity markets drifted lower to begin the week.

Rhett Montgomery
Senior Market Analyst

GENERAL COMMENTS:

   May corn closed up 5 3/4 cents and July corn was up 5 3/4 cents. May
soybeans closed up 13 1/2 cents and July soybeans were up 13 1/2 cents. May KC
wheat closed up 8 1/4 cents, May Chicago wheat was up 13 1/4 cents, May MIAX
Minneapolis wheat was steady.