DTN Closing Grain Comments    05/01 14:20
   Corn, Soy Close Bullish Week on Strong Note

   Corn futures moved higher yet again on Friday, shaking off Thursday's brief
turn lower and again challenging 2026 highs. Soybeans also posted moderate
gains heading into the weekend, especially on new-crop futures where calendar
year highs were also achieved. Wheat traded more mixed in nature, facing
technically based profit-taking but still supported overall by growing concern
for upcoming world crops. Meanwhile, reports on Friday were that Iran has sent
a new proposal to the U.S. for resolving the conflict in the U.S., which would
involve the U.S. ending its blockade and Iran opening the Strait of Hormuz.
Crude oil futures traded lower for the second straight session to close the
week as a result, the first back-to-back lower sessions for West Texas
Intermediate markets in a month, though prices remain over $100 per barrel.

Rhett Montgomery
Senior Market Analyst

GENERAL COMMENTS:

   July corn closed up 5 1/2 cents and December corn was up 4 1/2 cents. July
soybeans closed up 7 3/4 cents and November soybeans were up 9 3/4 cents. July
KC wheat closed up 1 cents, July Chicago wheat was up 1 cents, July MIAX
Minneapolis wheat was down 1 3/4 cents.