Grain Commentary 5-5-15

December corn settled 1 ¼ cents higher at $3.79 after touching a new low for 2015 at $3.72 ¼. As a reminder the previous contract low is $3.65 from October. November soybeans settled 5 ½ cents higher at $9.54 ½ and July wheat posted a new contract low and settled at 4.66 ½ down 6 ¼.

Wheat prices are suffering again from favorable conditions as well as the idea that Russia will soon remove the export tax.

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