DTN Closing Grain Comments    07/22 13:51
   Grains Continue to Climb Wednesday With KC Wheat Approaching 3-Year Highs

   Wednesday was a bullish session across the board for row-crop futures with
buying seen across all major commodities (and a new round of contract highs for
several), influenced by a concerning weather outlook for the U.S. Grain Belt
through the first days of August, as well as a continued rise in outside energy
futures with crude oil higher now in seven of the past eight sessions. There is
little sign of deescalation of either of the ongoing wars, which is providing a
growing layer of risk premium to markets through the July rally as well.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed up 9 1/4 cents and December corn was up 9 1/2 cents.
August soybeans closed up 13 1/2 cents and November soybeans were up 16 1/4
cents. September KC wheat closed up 30 1/2 cents, September Chicago wheat was
up 27 3/4 cents, September MIAX Minneapolis wheat was up 24 3/4 cents.