DTN Closing Grain Comments 06/16 14:12

DTN Closing Grain Comments    06/16 14:12
   Grains Mixed as Soybean Oil Heads South

   November soybeans fell 30 1/4 cents lower Wednesday, pulled down by a
3.50-cent limit drop in July soybean oil and ongoing concerns the White House
may ease biofuels mandates. September Minneapolis wheat closed up 11 1/4 cents,
supported by a lack of rain in the seven-day forecast for spring wheat areas.

Todd Hultman
DTN Lead Analyst

   GENERAL COMMENTS:

   July corn closed up 5 1/2 cents and December corn was down 1 1/4 cents. July
soybeans closed down 17 1/4 cents and November soybeans were down 30 1/4 cents.
July KC wheat closed down 2 cents, July Chicago wheat was up 1 1/4 cents and
September Minneapolis wheat was up 11 1/4 cents. The September U.S. Dollar
Index is trading up 0.52 at 91.03. The Dow Jones Industrial Average is down
278.67 points at 34,020.66. August gold is down $19.20 at $1,837.20, July
silver is down $0.26 at $27.44 and July copper is down $0.0185. July crude oil
is down $0.25 at $71.87, July heating oil is down $0.0131, July RBOB gasoline
is down $0.0220 and July natural gas is up $0.012.