DTN Closing Grain Comments 02/12 13:48
12 Feb 2025
DTN Closing Grain Comments 02/12 13:48 Corn Prices Stable, Soybeans Lower in Post USDA Trade Wednesday was a very mixed session as corn and wheat futures found buying support following price dips Tuesday. Soybeans, however, were quick to break below chart support following further USDA confirmation Tuesday of what is still believed to be record-breaking soybean production in South America, with a good weather outlook also adding to the pressure here midweek. In outside markets Wednesday, the feature was the release of January Consumer Price Index data which showed an uptick in inflation to 3% year over year. This had equity markets down with Treasury yields making sharp jumps higher with the 10-year note back over 4.6% Wednesday. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 6 1/4 cents and May corn was up 6 cents. March soybeans closed down 15 3/4 cents and May soybeans were down 14 1/2 cents. March KC wheat closed down 1 1/4 cents, March Chicago wheat was down 2 3/4 cents, March Minneapolis wheat was down 4 1/4 cents.