DTN Closing Grain Comments    04/08 13:52
   Bean Oil Fades With Crude, Wheat Falls on Improved Rain Outlook

   The fact that the U.S. and Iran agreed to a two-week ceasefire conditional
on the reopening of the Strait of Hormuz resulted in the liquidation of some
war premium in grain markets. At one point, spot crude oil futures plunged more
than $21 per barrel and the Dow Jones Index rose 1,400 points. The ceasefire
will allow a period of negotiation to find a permanent end to the war. It's
anyone's guess as to whether the ceasefire holds.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   May corn closed down 1 3/4 cents per bushel at $4.47 1/4 and July finished
down 2 cents per bushel at $4.58. May soybeans closed up 3 3/4 cents at $11.62
and July soybeans were up 3 1/2 cents at $11.78. May KC wheat closed down 12
1/4 cents at $5.95 1/4, May Chicago wheat was down 17 3/4 cents at $5.80 1/4
and MIAX May Minneapolis wheat was down 17 cents at $6.24.