DTN Closing Grain Comments    06/30 14:29
   Markets Mixed Monday Following Quiet USDA Reports

   Grain markets were choppy but surprisingly calm following the release of the
2025 Acreage report and June 1 Stocks reports from USDA. The reports did hold a
few surprises, but for the most part came in very close to what traders
expected. It is likely the market will shift focus back to growing season
weather and winter wheat harvests beginning with Monday afternoon's Crop
Progress update from USDA. In outside markets, equities were firm following the
announced resumption of trade discussions between the United States and Canada
after Friday's ultimately brief spat over digital services tax. Meanwhile,
energy markets remain an extremely narrow trade for the past four sessions
following the ceasefire between Israel and Iran. The U.S. Dollar Index is
pushing to new 2025 lows as market anxiety over tariffs and trade has returned
to some degree ahead of the July 9 deadline for the 90-day tariff pause, with
President Trump stating over the weekend there are no plans to extend the pause
in most instances.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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