DTN Closing Grain Comments    07/10 13:43
   Wheat Leads, Soybeans Gather Strength, and Corn Treads Water Ahead Of USDA

   It was another session featuring futures squaring ahead of Friday's USDA
release with row crop markets holding even to slightly higher for the most
part. Wheat markets led the way higher, showing some life on the Kansas City
board following Wednesday's reversal near contract lows. The thing I'm most
anticipating for Friday's USDA release is how traders will react if adjustments
are in fact at least temporarily bullish in direction. Given that weather and
thus far strong crop conditions have really been the sole focus of bearish
traders through the past few weeks, it will be interesting to see if Friday's
estimates are taken with a grain of salt.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed unchanged and December corn was up 1 cent. August
soybeans closed up 3 1/2 cents and November soybeans were up 6 1/2 cents.
September KC wheat closed up 10 3/4 cents, September Chicago wheat was up 7 1/2
cents, September MIAX Minneapolis wheat was up 1/4 cent.