DTN Closing Grain Comments 01/15 13:53

DTN Closing Grain Comments 01/15 13:53 Results Mixed in Midweek Commodities Trade Ag markets shrugged off Tuesday's sluggish session for the most part to trade mixed Wednesday. The rampant buying spree following Friday's USDA release may have subsided for now, but overall markets still appear to be well supported given current market fundamentals outlined on Friday by the government as well as ongoing weather uncertainty in South America. Outside markets Wednesday were mostly a positive influence on the ag complex as inflation data came in with mixed results. Overall Consumer Price Index (CPI) was still relatively high at 2.9%, year-over-year, but core-CPI, which excludes energy and food costs, was quite a bit cooler. This sparked a rally in equities Wednesday with the Dow Jones Industrial Average up near 700 points for most of the day. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 4 1/4 cents and May corn was up 3 1/4 cents. March soybeans closed down 4 3/4 cents and May soybeans were down 6 cents. March KC wheat closed down 3 1/4 cents, March Chicago wheat was up 3/4 cents, March Minneapolis wheat was down 2 cents.