DTN Closing Grain Comments    08/06 13:58
   Wheat Breaks Lower Despite Black Sea Risks

   Thursday was a very quiet session across corn and soybean markets, with
little changes to note and a wet forecast across the U.S. Grain Belt through
mid-August keeping a firm lid on bullish momentum. Wheat futures were the most
volatile of the row-crop complex on Thursday, with futures dropping another
notch lower and largely ignoring what remains an uncertain outlook for Black
Sea supply availability through the upcoming marketing year. Another week of
unimpressive export sales may have been the root cause of the weakness.
Meanwhile, outside energy markets turned moderately higher on Thursday, with
little follow-up news to midweek reports that a deal regarding the Strait of
Hormuz was close.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 2 1/4 cents and December corn was up 2 cents.
September soybeans closed up 3 1/2 cents and November soybeans were up 3 cents.
September KC wheat closed down 13 3/4 cents, September Chicago wheat was down
11 cents, September MIAX Minneapolis wheat was down 12 1/2 cents.