DTN Closing Grain Comments    06/15 13:47
   Row Crops Stage Comeback to Begin Week After Initial Energy-Driven Selloff

   Following the Sunday news that the U.S. and Iran had agreed to a deal to end
the almost four-month war in the Middle East, energy markets understandably
moved sharply lower with West Texas crude prices seemingly on a path to test
prices not seen since the earliest days of the conflict in March. The initial
spillover influence on row-crop futures was also predictably bearish. However,
bargain hunters eventually stepped in with corn, soybeans, and wheat rallying
well above early lows. All three markets are benefitting from long-term
technical support, and traders at this point are perhaps satisfied that the
selloff over the past 30 days is adequate in reflecting fewer supply and
overall risk concerns recently within the markets.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 2 3/4 cents and December corn was up 1 1/2 cents. July
soybeans closed up 5 3/4 cents and November soybeans were up 2 3/4 cents. July
KC wheat closed up 5 1/2 cents, July Chicago wheat was up 5 1/4 cents, July
MIAX Minneapolis wheat was down 2 1/4 cents.