DTN Closing Grain Comments    05/12 14:27
   Wheat Futures Limit-Up as USDA Forecasts 54-Year Low in Production

   Row crops traded mostly higher Tuesday, following a mixed to bullish report
release from USDA. Wheat futures led the way, trading up the daily limit for
winter markets after USDA surprised traders by estimating the lowest crop since
1972. Corn and soybean fundamentals were more mixed in nature, but there were
reasons for optimism as well, especially with President Trump set to visit
China later this week, which traders will be watching closely for demand clues.
In outside markets, energy futures moved higher again as the standstill in the
Middle East continues. In macro news, the April Consumer Price Index reading
was the hottest reading in three years, with overall prices rising 3.8%
annually, led by high fuel costs.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed up 4 3/4 cents and December corn was up 4 1/4 cents. July
soybeans closed up 13 3/4 cents and November soybeans were up 10 1/4 cents.
July KC wheat closed up 45 cents, July Chicago wheat was up 45 cents, July MIAX
Minneapolis wheat was up 37 1/2 cents.