DTN Closing Grain Comments 02/14 13:53
14 Feb 2025
DTN Closing Grain Comments 02/14 13:53 Wheat Prices Soar Into Weekend; Corn, Soybeans Firmer to Close Week as Well Row-crop markets received a late-week boost, mainly led higher by wheat markets that are firming on adverse weather prospects for both the Northern Plains and Black Sea areas. Meanwhile corn and soybean prices also firmed Friday, with the former again challenging upside resistance. Outside markets Friday were mixed but a mostly positive influence on ag commodities, mainly due to an increasingly softer U.S. Dollar Index, which has not retraced back to its lowest reading in two months. A reminder that U.S. grain markets will be closed on Monday, Feb. 17 in observance of Presidents Day. 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 6 cents and May soybeans were up 5 3/4 cents. March KC wheat closed up 23 cents, March Chicago wheat was up 22 1/4 cents, March Minneapolis wheat was up 17 1/4 cents.