DTN Closing Grain Comments    06/12 13:51
   Row Crops Mixed in Subdued Close to Week

   Row-crop futures were steady for the most part on Friday but were again
pressured off early highs partly due to bearish energy influence as a U.S.-Iran
agreement is reportedly on the horizon. Though all the details of the potential
deal are not known, a senior Trump administration official said it includes an
end to Iran's nuclear program, opening of the Strait of Hormuz, among other
aspects. Reports from the Iranian state media detailing the agreement were
contradictory and condemned by President Trump on Friday. Thursday's USDA
report was mostly neutral in month-to-month changes but does serve as a
reminder of what are currently comfortable grain supplies around the globe,
which may limit bullish potential for futures in combination with seasonal
price pressure, which as always will be highly weather dependent as we move
into summer of 2026.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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