DTN Closing Grain Comments    01/13 13:46
   Grain Markets Continue Climb Following Bullish USDA Friday

   Ag markets are taking full advantage of the bullish estimates printed by
USDA in Friday's January edition of the WASDE report. Despite lingering
concerns on grain balance sheets as we head deeper into 2025, the market is
clearly opting to trade the numbers in front of it rather than attempt to
speculate too much on the validity of those numbers in the long term. Outside
market influence to start the week was mixed to negative as inflation trade
took a breather with equities mostly positive, while outside commodities such
as gold were down. Treasury yields continue to climb with the 10-year rate
hitting 4.77% Monday, the highest yield since fall 2023.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 6 cents and May corn was up 7 1/4 cents. March soybeans
closed up 27 3/4 cents and May soybeans were up 28 1/2 cents. March KC wheat
closed up 9 1/4 cents, March Chicago wheat was up 14 1/4 cents, March
Minneapolis wheat was up 9 1/4 cents.