DTN Closing Grain Comments 01/28 14:34
28 Jan 2025
DTN Closing Grain Comments 01/28 14:34 Row-Crop Markets Find Footing in Quiet Tuesday Trade Ag markets in general were mostly firmer Tuesday, led yet again by a powerful livestock sector. Grain markets were also mostly higher with nearby soybeans being the exception, although soy prices did manage to hold support in a very thin trade with not a lot in the way of fresh fundamental drivers. Outside markets Tuesday were mostly mixed as equity markets advanced with the Dow Jones Industrial Average having overcome all of its late 2024 losses and is again challenging all-time highs set in early December. The U.S. Dollar Index was slightly higher, while interest rates were steady to just slightly higher as well. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 3 1/4 cents and May corn was up 3 3/4 cents. March soybeans closed unchanged and May soybeans were up 1 cent. March KC wheat closed up 7 3/4 cents, March Chicago wheat was up 9 3/4 cents, March Minneapolis wheat was up 12 cents.