DTN Closing Grain Comments    04/22 13:51
   Oilseeds Firmer, Grains Weaker in Mixed Tuesday Trade

   Ag markets continued their subdued, choppy nature Tuesday, with soybean
prices showing life to recover Monday's losses. Meanwhile corn futures broke to
their lowest price since April 10 but also held chart support. Wheat prices
traded lower despite slightly declining conditions reported by the USDA in
Monday's Crop Progress report, as rainfall remains in the forecast across the
Midwest, with coverage stretching into western hard red growing areas, many of
which had been dry through the winter. Overall, Tuesday's trade continued to be
driven by mainly technical features as fresh fundamental drivers were lacking.
In outside markets, it was a day of recovery as stocks rebounded from the
Trump-versus-Powell-induced selloff to begin the week, helped along by positive
trade comments from Treasury Secretary Scott Bessent. The U.S. dollar also
posted a modest move higher as a result.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed down 6 cents and December corn was down 6 1/2 cents. May
soybeans closed up 5 1/2 cents and November soybeans were up 3/4 cents. May KC
wheat closed down 4 3/4 cents, May Chicago wheat was down 3 cents, May
Minneapolis wheat was down 4 1/2 cents.