DTN Closing Grain Comments 04/21 13:53
Technical Buying Lifts Crop Futures Tuesday as Markets Await Ceasefire News
It was an overall thin news day for row-crop futures Tuesday with corn and
wheat futures holding above recent chart support. Soybeans led the way higher,
primarily borrowing strength from the soybean oil market which once again set
new highs for the 2026 rally. Energy markets were moderately higher as U.S. and
Iranian officials are reportedly set to meet in Pakistan on Tuesday. President
Trump extended the expiration date for the two-week ceasefire agreement to
Wednesday to allow negotiators to attempt to find an agreement.
Rhett Montgomery
Senior Market Analyst
GENERAL COMMENTS:
May corn closed up 1 3/4 cents and July corn was up 1 3/4 cents. May
soybeans closed up 8 3/4 cents and July soybeans were up 8 1/2 cents. May KC
wheat closed up 8 1/2 cents, May Chicago wheat was up 8 cents, May MIAX
Minneapolis wheat was up 10 1/4 cents.
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