MFA Incorporated 201 Ray Young Drive Columbia, MO 65201 573-874-5111

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DTN Closing Grain Comments    07/26 13:55
   Panic-Selling Hits Crop Prices Ahead of Weekend; Weather Remains Key

   New-crop contracts of corn, soybeans and all three U.S. wheats closed lower
ahead of the weekend with traders not sure the weather will offer enough stress
in August to significantly impact production. Meanwhile, the case for a rate
cut in September received a little support Friday.

Todd Hultman
DTN Lead Analyst

GENERAL COMMENTS:

   September corn closed down 11 1/2 cents and December corn was down 10 3/4
cents. August soybeans closed down 38 1/2 cents and November soybeans were down
31 cents. September KC wheat closed down 16 cents, September Chicago wheat was
down 14 1/4 cents and September Minneapolis wheat was down 15 1/4 cents.