DTN Closing Grain Comments 03/05 13:55

DTN Closing Grain Comments 03/05 13:55 Grain Markets Snap Loss Streak Amid Trade Optimism U.S. crop markets overcame some midmorning road bumps to move cautiously higher by the close, snapping a loss streak that has dominated roughly the previous ten sessions of trade. The market is expressing optimism that a compromise between the U.S., Mexico, and Canada will be reached sooner rather than later, with Canadian Prime Minister Trudeau and President Trump slated to speak Wednesday and a meeting between Trump and Mexican President Sheinbaum expected to take place Thursday. This had stock indices mixed to mostly higher after a rough showing Tuesday following the implementation of tariffs. Meanwhile, the U.S. Dollar Index continues its three-day collapse, now at the lowest level since Nov. 8. The dollar has now given back most of the gains made post President Trump's election in early November, as investors have displayed a shift in sentiment through February from inflationary concerns to recessionary concerns. The drop in the U.S. dollar lent strength to U.S. ag products on Wednesday, especially in wheat markets. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: May corn closed up 4 1/4 cents and July corn was up 4 cents. May soybeans closed up 12 3/4 cents and July soybeans were up 11 1/4 cents. May KC wheat closed up 8 1/2 cents, May Chicago wheat was up 11 1/2 cents, May Minneapolis wheat was up 8 cents.