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DTN Closing Grain Comments 02/10 14:31
Row-Crop Futures Stick to Recent Ranges as February WASDE Shows Few Changes
Soybean futures led the way higher on Tuesday, resuming rallying efforts
after a brief pause on Monday. Meanwhile, corn and wheat markets were mixed as
USDA made very few changes to U.S. and global balance sheets but did reiterate
multi-year highs in grain reserves. Outside markets were mixed for Tuesday with
softer energy markets, while the U.S. dollar recovered from the turn lower on
Monday.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed unchanged and May corn was up a 1/4 cent. March soybeans
closed up 11 3/4 cents and May soybeans were up 12 1/2 cents. March KC wheat
closed up 1 3/4 cents, March Chicago wheat was down a 1/2 cent, March MIAX
Minneapolis wheat was down 2 1/4 cents.
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