DTN Closing Grain Comments    01/09 13:46
   Grains Wrap Positive Week With Subdued Trade, USDA On Deck

   Row crop markets ratcheted moderately higher through the first full trading
week of 2026, on much higher volume compared to the Holiday weeks, as was
expected to be the case. Trade was subdued on Friday, which was not surprising
to see with a flurry of USDA data due out on Monday morning, which will set the
tone for the first quarter of 2026 and shed light on what to expect for crop
prices. Outside markets continued to be mostly positive to close the week, with
equities heading higher despite a mixed December labor report, which showed
weak job creation, but lower overall unemployment as compared to the prior
report. Energy markets finished the week with a sharp turn higher, specifically
for crude oil futures, which hit their highest mark in over a month, primarily
on growing unrest in Iran, combined with the ongoing situation in Venezuela.
The U.S. Dollar Index, meanwhile, is higher now in ten of the past eleven
sessions, also trading to the highest level in a month. Lastly, the Supreme
Court on Friday chose not to issue a ruling on the tariff case, as had been
reported as a possibility through the week.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1/4 cents and May corn was down 1/4 cents. March
soybeans closed up 1 1/4 cents and May soybeans were up 1 1/4 cents. March KC
wheat closed unchanged, 0 cents, March Chicago wheat was down 3/4 cents and
March MIAX Minneapolis wheat was down 3 3/4 cents.