NEWS
DTN Before The Bell Grain Comments
Todd Hultman DTN Grains Analyst
Thu May 16, 2013 08:15 AM CDT

Morning CME Globex Update:July corn is down 4 3/4 cents, July soybeans down 7 1/4 cent, and July Chicago wheat is down 5 1/2 cents. The Corn Belt is mostly dry on Thursday with patches of light rain in southeastern Iowa and southern Illinois. Light rain in western South Dakota will give some relief to dry soil conditions. The Southern Plains is dry again with light rain in eastern Oklahoma and eastern Texas. U.S. housing starts were down 16.5% in April, a bigger drop than was expected.

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