(Illustration by Nick Scalise)
grains
OMAHA (DTN) – Crop prices are mixed after opening Sunday evening. Corn is down 3/4 cent and soybeans are up 1/4 cent. After a few more days of rain, central Brazil is expected to become drier this week and enter the dry season. May KC wheat fell 2 3/4 cents even though warnings were issued in western Kansas Sunday and temperatures in Kansas were in the 90s. There were isolated showers in the Black Sea region over the weekend, but eastern Ukraine and southwest Russia remain dry. Minneapolis wheat fell 3 3/4 cents in May. Crude oil rose $0.02 in June and Dow Jones futures rose 90 points. The US Dollar Index fell by 0.09 and gold prices for June rose by $4.70. Multiple media sources reported that Israel and the United States shot down nearly all of the drones and missiles Iran fired against Israel over the weekend. Several nations in the region are pushing for a de-escalation of fighting and the United States is calling on Israel not to retaliate.
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