DTN Closing Grain Comments    06/30 14:21
   Wheat Area Falls Again, Boosting Prices Tuesday

   U.S. row-crop futures recovered on Tuesday from heavy Monday selling after
USDA released the June Acreage and quarterly Grain Stocks reports. Overall, the
reports fell very close to market expectations with another decline in total
U.S. wheat acreage perhaps the biggest surprise and pushing winter wheat
markets to a double-digit gain. Corn and soybeans were more mixed in nature,
recovering off daily lows but also fading from post-report highs by the close.
Outside markets were quiet with equities higher, while crude oil gave back
Monday's gains but remains supported, just below $70 per barrel, by the chart
gap left at the onset of the war in the Middle East in late February.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 6 1/2 cents and December corn was up 6 cents.
August soybeans closed up 5 cents and November soybeans were up 4 3/4 cents.
September KC wheat closed up 10 1/2 cents, September Chicago wheat was up 9 1/2
cents, September MIAX Minneapolis wheat was up 5 3/4 cents.