MFA Agri Services  2200 Clinton Rd Sedalia, MO 65301
Sedalia 660-826-7097 - Cole Camp 660-668-3222 - Windsor 660-647-3123  
CLICK - MFA CUSTOMER PORTAL

DTN Closing Grain Comments    05/09 13:54
   New Low in Soybean Oil Drags Soybean Prices Lower Thursday

   July soybean oil fell 1.15 cents to 42.64 cents Thursday, the lowest July
close in three years as prices continue to reflect a loss of market share to
competing feedstocks for making biofuel. November soybeans closed down 12 1/2
cents, but July contracts of all three U.S. wheats posted modest gains after
Reuters posted a story about wheat damage in central Russia.

Todd Hultman
DTN Lead Analyst

GENERAL COMMENTS:

   July corn closed down 2 cents and December corn was down 1 1/4 cents. July
soybeans closed down 19 1/4 cents and November soybeans were down 12 1/2 cents.
July KC wheat closed up 3 1/4 cents, July Chicago wheat was up 3 1/2 cents and
July Minneapolis wheat was up 1 cent.