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Wheat futures backed off their highs into the close but still finished 7 to 8 cents higher in
Chicago and mostly 4 to 6 cents higher in Kansas City. Minneapolis wheat ended narrowly mixed for
the day….

DTN Closing Grain Comments 05/22 13:47 July Corn Leads Grains Higher July corn closed higher on
Wednesday with support from increased U.S. ethanol production and the continuation of strong basis
levels after Monday’s Crop Progress report….

July Wheat finished up 8 at 688 1/2, 4 1/4 off the high and 8 1/2 up from the low. December Wheat
closed up 7 at 710 1/2. This was 7 1/2 up from the low and 4 1/2 off the high. Wheat futures traded
sharply higher today led by gains in the Chicago market….

DTN Midday Grain Comments 05/22 11:18 Wheat, Corn Higher at Midday Grain is pushing higher on
supportive demand ideas. By David Fiala DTN Contributing Analyst General Comments The U.S. stock
markets are higher with the Dow up 90….

Wheat futures are trading sharply higher midday. July Chicago wheat is up 10 3/4 cents and made a
new high for the move. KC July wheat is losing to Chicago but still up 10 cents on the day. Light
profit taking is taking place in long KC vs. short Chicago wheat spreads….

U.S. corn edged lower falling for a third straight session as easing supply concerns prompted U.S.
farmers to sell old-crop stocks, while bargain buying pushed wheat off a seven-week low….

Chicago and Kansas City wheat ended the overnight session mostly 3 to 4 cents higher on
short-covering, with Minneapolis narrowly mixed. With little fresh news for the market to digest,
wheat is enjoying light short-covering and spillover from neighboring pits….

Grain markets were able to rebound overnight in light volume and steady trade. US equity indices
traded both sides of the unchanged. Crude oil and copper are lower to start the trading day….

Grain markets were able to rebound overnight in light volume and steady trade. US equity indices
traded both sides of the unchanged. Crude oil and copper are lower to start the trading day….

DTN Early Word Grains 05/22 06:06 Grains Quietly Mixed Early Wednesday Corn futures are steady,
soybeans lower, and wheat higher at 6 a.m. CDT. By Darin Newsom DTN Senior Analyst 6:00 a.m….