DTN Closing Grain Comments    07/01 13:43
   Crop Conditions Lead Wheat Futures Higher While Corn Slides In Tuesday Trade

   Grain and oilseed markets recovered from overnight losses to trade well off
session lows, with price action following USDA clues given in Monday's Crop
Progress report. For now, it would appear markets have moved past Monday's
Acreage and Stocks data, with traders likely eager to see what the weather
holds as spring crops prepare to enter a crucial period for development.
Outside market influence on Tuesday was mixed, with energy markets quietly
higher and stocks mixed to mostly higher. Headline news for Tuesday was the
Senate passing President Trump's budget bill by a vote of 51-50, with Vice
President Vance casting the deciding vote. The bill now returns to the House,
where Senate revisions will be voted on.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed down 3 1/4 cents and December corn was down 3 1/2
cents. August soybeans closed unchanged, and November soybeans were up 1/4
cent. September KC wheat closed up 4 1/2 cents, September Chicago wheat was up
10 3/4 cents and September MIAX Minneapolis wheat was up 7 3/4 cents.