DTN Closing Grain Comments    05/11 13:49
   Row Crops Higher as US Rejects Iranian Proposal

   Row-crop futures were moderately higher to begin the new week, supported by
firm energy markets after President Trump deemed the Iranian response to last
week's U.S. proposal as "unacceptable" and said the now month-old ceasefire is
on "massive life support." It is shaping up to be a significant week for market
news with the busy May WASDE due out on Tuesday and President Trump set to
visit China at the end of the week. In position news, last Friday's Commitments
of Traders report showed that the combined noncommercial net-long in futures
surpassed 1 million contracts, a level which has only occurred twice before, in
late 2020/early 2021 and again in spring of 2022.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 4 cents and December corn was up 4 1/4 cents. July
soybeans closed up 5 cents and November soybeans were up 5 1/4 cents. July KC
wheat closed up 10 1/2 cents, July Chicago wheat was up 15 cents, July MIAX
Minneapolis wheat was up 8 cents.