DTN Closing Grain Comments    04/29 13:50
   Markets Heavily Lower Tuesday on Steady Planting Progress, Improved Wheat
Conditions

   Active sellers were denied on Monday when buyers stepped in by late morning
to reject the attempted move lower in soybean and corn futures. No such buying
spree arrived for Tuesday, however, as sellers remained in firm control of the
market for the majority of the session. Corn and soybean planting pace remained
above average for the time of year in Monday afternoon's Crop Progress report
from USDA. Meanwhile, winter wheat conditions were improved as well, benefiting
from recent rainfall across growing regions. Outside markets leaned bearish to
grain prices as well with the U.S. dollar inching higher, as well as weaker
energy markets leading the vegetable oil market lower, which offered negative
influence on soybean futures.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 13 cents and December corn was down 5 3/4 cents. July
soybeans closed down 9 3/4 cents and November soybeans were down 9 1/2 cents.
July KC wheat closed down 8 3/4 cents, July Chicago wheat was down 5 1/2 cents,
July Minneapolis wheat was down 4 cents.