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DTN Closing Grain Comments 01/02 13:50
As Prices Slide, Row Crop Bulls Show Glimpses of Fight to Begin New Year
Corn, soy, and wheat markets were lower again on Friday, with the exception
of Kansas City wheat futures, which mounted a comeback from early lows.
Meanwhile, corn and soybean futures were ultimately unable to climb out of the
bearish doldrums of the second holiday-shortened week, with relatively low
volume behind the trade. Still, there were signs throughout the session of
growing buying interest as prices approach medium- to long-term chart support
in an otherwise slow news day. Outside markets were mixed to begin 2026, with
weaker crude oil futures for the fifth time in the past six sessions.
Meanwhile, the U.S. dollar continued its winning streak to six straight
sessions but remains lower over the past month in general. Equity markets were
mostly higher on Friday, breaking the year-end profit-taking dip, which was the
feature of Monday through Wednesday's trade.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed down 2 3/4 cents and May corn was down 2 3/4 cents.
January soybeans closed down 1 cent and March soybeans were down 1 3/4 cents.
March KC wheat closed up 1/4 cents, March Chicago wheat was down 1/2 cent,
March MIAX Minneapolis wheat was down 3 1/4 cents.
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