DTN Closing Grain Comments    01/02 13:44
   Ag Markets Begin New Year Choppy, Mixed

   Grain markets reversed course midmorning Thursday after a sluggish start to
the New Year to trade slightly higher in corn and soybeans, which continue to
be supported by ongoing weather concerns in Argentina and southern Brazil.
Wheat markets were the black sheep Thursday, unable to follow corn and soy
markets higher, primarily due to technical pressure. Outside market influence
was negative Thursday as well, capping gain potential in ag commodities, with
equity markets continuing to slump, and the U.S. Dollar Index propelling to
another high, the highest mark for the index since early November 2022.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 1 cent and May corn was up 1 1/2 cents. March soybeans
closed up 1 1/2 cents and May soybeans were up 2 3/4 cents. March KC wheat
closed down 7 1/2 cents, March Chicago wheat was down 5 3/4 cents, March
Minneapolis wheat was down 7 cents.