DTN Closing Grain Comments 01/08 13:46
8 Jan 2025
DTN Closing Grain Comments 01/08 13:46 Ag Markets Slightly Lower as Traders Await USDA Update Grain markets were lower Wednesday but still within their established weekly ranges as prices are consolidating ahead of the fresh round of USDA data on Friday. Traders appear content for the moment with their current positions going into Friday, although some choppiness in the days and hours leading up to the three reports at 11 a.m. CST Friday is to be expected. Outside market influence for Wednesday leaned negative as well as equity markets continue to experience choppy action as investors reassess inflation concerns and attempt to reallocate funds early in the New Year. The U.S. dollar is also rising sharply Wednesday and looks to challenge last week's two-plus-year high. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed down 4 cents and May corn was down 3 1/4 cents. March soybeans closed down 2 3/4 cents and May soybeans were down 1 3/4 cents. March KC wheat closed down 5 1/2 cents, March Chicago wheat was down 6 1/4 cents, March Minneapolis wheat was down 9 3/4 cents.