DTN Closing Grain Comments    01/07 13:48
   Markets Recover Wednesday as Wheat Futures Add Weather Risk Premium

   Row-crop futures recovered from a shaky Tuesday session to trader higher
again Wednesday on a mix of technically influenced buying as well as perceived
risk for the U.S. winter wheat crop amid well-above average temperatures for
early January. Outside markets for Wednesday saw mixed equities, with the Dow
Jones lower on profit-taking following a record setting run to start the week.
Energy markets have moved lower over the past two sessions on President Trump's
announcement that Venezuela will sell 50 million barrels of crude oil to the
U.S. at market price, while Wednesday's Petroleum Status report showed U.S.
crude oil stocks to already be 3% larger than the same point in 2024.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 2 3/4 cents and May corn was up 2 3/4 cents. March
soybeans closed up 10 3/4 cents and May soybeans were up 10 3/4 cents. March KC
wheat closed up 10 cents, March Chicago wheat was up 7 1/2 cents, March MIAX
Minneapolis wheat was up 3 1/4 cents.