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DTN Closing Grain Comments 01/08 13:51
Markets Mixed as Traders Remain Cautious Ahead of USDA Reports Next Week
Row-crop markets were choppy in quiet action Thursday, with traders clearly
not wanting to get ahead of themselves to the bullish side with USDA input due
out next Monday morning. Outside markets were again mixed influence on
agriculture prices on Thursday, with higher energy futures but also a higher
U.S. Dollar Index for the ninth time in the past ten sessions potentially
taking some wind out of the wheat markets sails with a high degree of world
competition to begin 2026. In macroeconomic news, reports are that the Supreme
Court could potentially issue a ruling on the legality of the Trump
administration's tariff efforts. The U.S. trade deficit of $29.4 billion for
October was reported as a 16-year low on Thursday by the U.S. Census Bureau.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed down 3/4 cents and May corn was unchanged. March soybeans
closed down 5 3/4 cents and May soybeans were down 5 1/2 cents. March KC wheat
closed down 1 1/4 cents, March Chicago wheat was unchanged, March MIAX
Minneapolis wheat was up 3/4 cents.
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