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DTN Closing Grain Comments    06/24 14:27
   Traders Reassess Corn Positions After Flooding While Meal Surges Curiously
Higher

   Even after widespread flooding in five corn states, December corn sold off
sharply at Monday's 8:30 a.m. CDT bell, but fought back to end down 1 1/2 cents
as traders reassessed their bearish views. November soybeans were up 10 1/2
cents with bullish influence from an $11.00 gain in July soybean meal, ahead of
Thursday's hog inventory report.

Todd Hultman
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 1 1/2 cents and December corn was down 1 1/2 cents.
July soybeans closed up 14 3/4 cents and November soybeans were up 10 1/2
cents. September KC wheat closed up 1/2 cent, September Chicago wheat was down
4 3/4 cents and September Minneapolis wheat was down 4 1/2 cents.
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