DTN Closing Grain Comments    04/28 13:46
   KC Wheat Tops $7.00 as US Conditions Fall, World Risk Rises

   Wheat futures once again led row-crop markets in gains for Tuesday, after
USDA noted worsening conditions for the 2026 U.S. crop and traders begin to
price in production risks around the globe with energy prices continuing to
work higher and little news regarding negotiations between the U.S. and Iran to
reopen the Strait of Hormuz to energy trade. Soybean futures traded lower
following Monday's jump to chart resistance and traders are uncertain on
soybean price bets (in either direction) with many unknowns still facing the
market for 2026 and 2027.

Rhett Montgomery
Senior Market Analyst

GENERAL COMMENTS:

   July corn closed up 6 1/4 cents and December corn was up 6 1/4 cents. July
soybeans closed down 2 3/4 cents and November soybeans were up 1 1/4 cents.
July KC wheat closed up 27 cents, July Chicago wheat was up 28 cents, July MIAX
Minneapolis wheat was up 18 3/4 cents.