DTN Closing Grain Comments    05/15 13:46
   Soybeans, Bean Oil Melt Down While Corn Leaks Lower and Wheat Firms

   Soybean oil plunged to limit losses Thursday with soybean futures also down
hard on higher South American crop estimates. Bean oil was pressured by weak
crude oil and ideas that biofuel credit extensions might take longer than
expected. Wheat had a modest gain for the third straight day and new-crop corn
futures continued to sag.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   July corn closed up 3 cents per bushel at $4.48 1/2 and September corn was
down 2 1/4 cents at $4.25 0/1. July soybeans closed down 26 1/2 cents at $10.51
1/4 and August soybeans were down 27 1/4 cents at $10.47 1/4. July KC wheat
closed up 5 1/4 cents at $5.28 1/4, July Chicago wheat was up 8 cents at $5.32
3/4 and July Minneapolis wheat was up 3 cents at $5.80.