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DTN Closing Grain Comments    04/12 14:07
   Soybean Oil Drags Soybeans, Grains Lower Monday

   May soybean oil closed down 1.40 cent at 51.45 cents Monday after Brazil
announced it was lowering its biodiesel mandate from 13% to 10% on Friday in an
effort to provide relief from high soybean prices. July Minneapolis wheat
closed down 11 cents, ending its five-day rally with precipitation falling in
North Dakota.

Todd Hultman
DTN Lead Analyst

   GENERAL COMMENTS:

   May corn closed down 8 1/4 cents and December corn was unchanged. May
soybeans closed down 21 cents and November soybeans were down 13 cents. July KC
wheat closed down 7 1/2 cents, July Chicago wheat was down 10 3/4 cents and
July Minneapolis wheat was down 11 cents. The June U.S. Dollar Index is trading
down 0.01 at 92.16. The Dow Jones Industrial Average is down 100.38 points at
33,700.22. June gold is down $17.00 at $1,727.80, May silver is down $0.58 at
$24.75 and May copper is down $0.0225. May crude oil is up $0.27 at $59.59, May
heating oil is down $0.0009, May RBOB gasoline is up $0.0033 and May natural
gas is up $0.035.
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