DTN Closing Grain Comments    03/13 14:15
   Wheat Jumps to Close Week, Soybeans Take A Breather

   It was another mostly positive session for price action across U.S. row-crop
futures, with a surge in wheat helping corn to reverse from early losses to
trade higher as well. Soybeans drifted a touch lower but well off their lowest
point by the close as buyers remain active and looking for opportunity on dips.
Outside markets saw energy prices creep higher yet again, with WTI crude oil
higher for the tenth time in the past 11 sessions, closing in on the $100 per
barrel mark. The U.S. dollar was higher after the January Personal Consumption
Expenditure report showed the highest reading in almost two years, adding more
doubt to a near-term rate cut from the Federal Reserve, especially considering
January data is well before the energy shock as a result of the conflict in the
Middle East. CME's FedWatch tool is currently predicting steady rates until the
October FOMC meeting.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 4 3/4 cents and July corn was up 4 1/4 cents. May
soybeans closed down 2 cents and July soybeans were down 2 1/2 cents. May KC
wheat closed up 16 1/2 cents, May Chicago wheat was up 15 1/4 cents, May MIAX
Minneapolis wheat was up 11 cents.