DTN Closing Grain Comments    07/21 13:47
   Tuesday Grain Trade in Line With USDA's Latest Crop Ratings

   Price action for row crops on Tuesday was directly influenced by Monday
afternoon's Crop Progress report, which showed slightly lower corn ratings but
surprisingly higher soybean ratings. As a result, corn traded modestly higher
on Tuesday while soybean futures slipped following Monday's jump higher. Wheat
futures remain well supported by the ongoing concerns in the Black Sea as well
as a slide in U.S. spring wheat conditions in Monday's USDA update. In outside
markets, a steady rise in Treasury yields has lifted the U.S. Dollar Index,
typically a bearish indicator for crop futures. Meanwhile, crude oil is higher
for the sixth time in the past seven sessions and trading at five-week highs.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 3 1/4 cents and December corn was up 2 1/4 cents.
August soybeans closed down 6 1/2 cents and November soybeans were down 3 1/2
cents. September KC wheat closed up 9 1/4 cents, September Chicago wheat was up
4 cents, September MIAX Minneapolis wheat was up 12 cents.