DTN Closing Grain Comments 01/10 14:20
10 Jan 2025
DTN Closing Grain Comments 01/10 14:20 Ag Markets Firm Following Mostly Supportive USDA Estimates USDA report figures Friday came in mostly as traders expected with the degree of changes perhaps lending a more bullish twist than initially thought, especially in regard to domestic U.S. balance sheets. Outside market influence was mixed to close the week as equities continue to spill into the New Year on renewed inflationary concerns, causing commodities such as gold to rally over the past several days. The U.S. Dollar Index was also stronger but was largely ignored in light of the USDA report numbers driving the market. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 14 1/2 cents and May corn was up 15 cents. March soybeans closed up 26 1/4 cents and May soybeans were up 27 1/4 cents. March KC wheat closed up 1 1/2 cents, March Chicago wheat was down 3 1/4 cents, March Minneapolis wheat was up 3/4 cents.