DTN Closing Grain Comments 02/13 13:46
13 Feb 2025
DTN Closing Grain Comments 02/13 13:46 Grains Post Modest Gains in Quiet Thursday Session Thursday was for the most part a positive session across ag commodities, with corn, soybean, and wheat futures showing moderate moves higher. Outside market influence was positive to ag markets on Thursday with the U.S. Dollar Index breaking back toward late January lows, meanwhile equity markets were firmer as investors and traders attempt to sort out their portfolios amid Wednesday's inflation fears which were followed up Thursday with a hotter-than-expected Producer Price Index reading as well. This will set up an interesting few weeks of positioning ahead of the Personal Consumption Expenditure data out on Feb. 28, which is the Fed's favorite metric for gauging inflation in the U.S. economy. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 3 1/4 cents and May corn was up 2 cents. March soybeans closed up 2 1/4 cents and May soybeans were up 1 1/4 cents. March KC wheat closed up 6 3/4 cents, March Chicago wheat was up 3 1/2 cents, March Minneapolis wheat was up 2 1/2 cents.