DTN Closing Grain Comments 01/24 14:22
24 Jan 2025
DTN Closing Grain Comments 01/24 14:22 Row-Crop Markets Struggle Against Chart Resistance to Close Week Ag markets in general were pressured Friday to close the shortened trading week as corn and soybeans continue to fall victim to profit-taking from speculators and likely farm-gate selling as well, while wheat markets continue to search for direction to close a week that finished with very mixed results for wheat price action. Outside markets were quiet and mixed to close the week. Equity markets traded both sides of even, while the U.S. Dollar Index made another move lower. Crude oil continues to slip lower following pro-drilling statements by President Trump at the top of the week. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed down 3 1/4 cents and May corn was down 2 3/4 cents. March soybeans closed down 9 3/4 cents and May soybeans were down 9 1/2 cents. March KC wheat closed down 11 1/4 cents, March Chicago wheat was down 10 cents, March Minneapolis wheat was down 9 1/4 cents.