DTN Closing Grain Comments 01/13 13:46
13 Jan 2025
DTN Closing Grain Comments 01/13 13:46 Grain Markets Continue Climb Following Bullish USDA Friday Ag markets are taking full advantage of the bullish estimates printed by USDA in Friday's January edition of the WASDE report. Despite lingering concerns on grain balance sheets as we head deeper into 2025, the market is clearly opting to trade the numbers in front of it rather than attempt to speculate too much on the validity of those numbers in the long term. Outside market influence to start the week was mixed to negative as inflation trade took a breather with equities mostly positive, while outside commodities such as gold were down. Treasury yields continue to climb with the 10-year rate hitting 4.77% Monday, the highest yield since fall 2023. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 6 cents and May corn was up 7 1/4 cents. March soybeans closed up 27 3/4 cents and May soybeans were up 28 1/2 cents. March KC wheat closed up 9 1/4 cents, March Chicago wheat was up 14 1/4 cents, March Minneapolis wheat was up 9 1/4 cents.