DTN Closing Grain Comments    05/22 13:47
   July Corn Leads Grains Higher

   July corn closed higher on Wednesday with support from increased U.S.
ethanol production and the continuation of strong basis levels after Monday's
Crop Progress report. July soybeans posted their highest close in over seven
months in spite of much lower basis levels reported on Tuesday. July Kansas
City wheat closed higher with ongoing drought conditions hurting the U.S. hard
red winter wheat crop.