DTN Closing Grain Comments 02/25 14:57

DTN Closing Grain Comments 02/25 14:57 Ag Markets Mixed, Attract Buyers at Daily Lows Amid Tariff Concerns Row-crop markets were lower through the session but fought off early weakness to close well off daily lows. Soybean futures reversed course and managed to finish slightly higher on March futures in an optimistic technical trade. Despite plenty of bullish fundamental arguments, corn and wheat markets could not shake liquidation, which currently appears to be primarily technically driven, with any fundamental thesis behind selling pressure likely stemming from greater macroeconomic concerns. Outside markets continue to slump with stock indices in particular having a rough showing the past few sessions. The S&P 500 is down for a fourth consecutive session after hitting record highs last week. President Trump's comments Monday that tariffs against Mexico and Canada "will go forward" as well as a concerning Consumer Confidence reading Tuesday morning had investors on edge. Meanwhile despite lingering inflationary concerns, outside commodities such as crude oil and gold futures were lower, weakness which spilled over into the agricultural commodities sector. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed down 2 3/4 cents and May corn was down 2 3/4 cents. March soybeans closed up 2 1/4 cents and May soybeans were up 1 1/4 cents. March KC wheat closed down 4 3/4 cents, March Chicago wheat was down 6 1/4 cents, March Minneapolis wheat was down 8 1/2 cents.