DTN Closing Grain Comments    05/23 13:55
   July Wheat Closes Higher On Drought, Increased Exports

   July wheat led grains higher Thursday, supported by ongoing drought
conditions in hard red winter wheat areas. Low available supplies of old-crop
corn and soybeans continued to pressure prices higher. Trade was especially
volatile in July soybeans, which ignored another drop in Wednesday's cash basis
level, trading up 52 1/2 cents at one point in the session before closing up
just 5 1/4 cents on the day.