DTN Closing Grain Comments 01/16 13:46
16 Jan 2025
DTN Closing Grain Comments 01/16 13:46 Ag Markets Under Pressure Thursday in Risk-Off Trading Session Ag markets were pressured from the opening bell Thursday, led lower by soybeans as the market continues to brace for very large -- if not record -- production out of South America, as well as for what the outlook for agricultural trade may look like as President-elect Trump takes office on Monday, Jan. 20. Outside market influence Thursday was mixed with equities down slightly, but a weaker U.S. dollar as well. Commodities were mixed with crude oil down slightly but gold up slightly. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed down 4 1/4 cents and May corn was down 5 cents. March soybeans closed down 23 3/4 cents and May soybeans were down 23 3/4 cents. March KC wheat closed down 9 1/4 cents, March Chicago wheat was down 9 1/2 cents, March Minneapolis wheat was down 6 cents.