DTN Closing Grain Comments    05/14 13:49
   Soybeans Plunge on Lack of Concrete China Trade Deal

   Thursday's session was dominated by algorithmic headline trading, sending
nearby soybean futures to their worst daily loss in two months, and dragging
down corn and wheat futures as well. Though it is difficult to classify details
of President Trump's visit to China thus far as "bearish," it is clear traders
expected more or perhaps were simply waiting for the event to pass before
hitting the sell button to avoid missing out on a bullish surprise. In outside
markets, any markets were flat to a touch weaker, perhaps on optimism that the
U.S. and China will form a united effort to reopen the Strait of Hormuz. Equity
markets were firm on Thursday on optimism regarding the U.S. and China trade
relationship.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 13 1/4 cents and December corn was down 11 3/4 cents.
July soybeans closed down 36 1/2 cents and November soybeans were down 24 1/4
cents. July KC wheat closed down 19 1/2 cents, July Chicago wheat was down 17
1/2 cents, July MIAX Minneapolis wheat was down 17 1/4 cents.