DTN Closing Grain Comments    06/09 13:51
   Crop Markets Mixed Tuesday as Traders Ponder Next Moves

   Corn and wheat markets continued to see marginal relief from the late
May/early June price rout Tuesday, with July boards moving higher for a second
straight session but also pressured well off of daily highs as bullish
confidence remains shaken. Soybean futures were again unable to sustain a move
higher on positive influence from the soybean oil market, falling for an eighth
consecutive session. In outside markets, crude oil futures fell moderately
following comments from U.S. Energy Secretary Wright that commercial traffic
through the Strait of Hormuz is "rising and will continue to rise." President
Trump also said on Monday that a deal with Iran was only a few days away,
despite the weekend's flare up in tension between Iran and Israel and reports
Tuesday that Iran shot down a U.S. helicopter near the Strait of Hormuz. Equity
markets broke away from war-related influence on Tuesday to trade lower in a
tech-driven selloff.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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