DTN Closing Grain Comments    04/24 13:51
   Corn, Wheat Find Technical Support; Soybeans Charge Higher Thursday

   It was overall a strong day for U.S. row-crop markets as corn and wheat
futures reversed from recent down spells in price, attracting buyers at support
points on their respective charts. For wheat, prices spent much of the session
lower before buyers stepped in by the early afternoon to spark a reversal.
Soybean futures accelerated gains throughout the session, turning what was
initially a respectable 5- to 6-cent move into a double-digit push higher,
making technical headway in the process. Outside markets were mostly of a
positive influence on the ag complex Thursday, with stock indices higher, a
weaker U.S. dollar, and steady energy prices.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 5 1/4 cents and December corn was up 2 cents. May
soybeans closed up 12 3/4 cents and November soybeans were up 8 cents. July KC
wheat closed up 1/2 cents, July Chicago wheat was up 1 cents, July Minneapolis
wheat was up 3/4 cents.