DTN Closing Grain Comments    01/14 13:53
   Crop Prices Inch Higher as Bargain Buyers Show Interest

   Corn, soybean, and wheat futures were all higher Wednesday, with speculators
and long-side hedgers likely both seeing opportunity to lock in purchases
following the early week, post-USDA price drop. However, upside momentum
remained very limited as trading volumes eased following Monday's report day
spike. Outside markets Wednesday were supportive as well, as we continue to see
a rush to outside commodities this week, such as gold and silver, which have
moved once again to new records. Equity markets are softer through the middle
of the week on a flow of money from stocks (specifically the tech sector) into
commodities. The energy market was firm again, with crude oil futures moving
higher for the fifth consecutive session to two and a half month highs on
geopolitical risk, specifically ongoing turmoil in Iran.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 2 1/4 cents and May corn was up 2 cents. March soybeans
closed up 3 3/4 cents and May soybeans were up 3 cents. March KC wheat closed
up 2 3/4 cents, March Chicago wheat was up 2 cents, March MIAX Minneapolis
wheat was up 1/2 cents.