DTN Closing Grain Comments 02/11 14:03
11 Feb 2025
DTN Closing Grain Comments 02/11 14:03 USDA Releases Mixed WASDE Report Tuesday The 11 a.m. CST drop of the February World Agricultural Supply and Demand Estimates (WASDE) report by the USDA was, as some expected, an extremely quiet affair. Still, the lack of bullish updates to U.S. balance sheets has taken some wind out of the row-crop markets sails after a firm start to the session ahead of the report. Traders will now spend the balance of the week digesting the new information and choosing where to place price bets moving forward. In outside markets, it was also a quiet day of mixed influence with equity markets down slightly, but the U.S. Dollar Index also easing following three straight days higher. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed down 7 1/2 cents and May corn was down 6 1/2 cents. March soybeans closed down 6 cents and May soybeans were down 5 1/4 cents. March KC wheat closed down 4 cents, March Chicago wheat was down 2 1/2 cents, March Minneapolis wheat was down 7 cents.