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DTN Closing Grain Comments 01/09 13:46

9 Jan 2020
DTN Closing Grain Comments 01/09 13:46 Wheat Surges Ahead of USDA Report; Soybeans Sag After Firm Start With Iran tensions apparently easing, grain and equities markets were able to return to trading fundamentals. Wheat markets shot higher again, fueled by stronger world wheat prices and expectations for lower stocks and acreage in the U.S. Soybeans finished lower after a strong start; and corn was corn -- sideways. Expectations for a record-large Brazilian bean crop are no doubt weighing on soybean futures.