DTN Midday Grain Comments 02/14 10:47

DTN Midday Grain Comments 02/14 10:47 Corn, Soybean, Wheat Futures Higher at Midday Corn futures are 4 to 5 higher at midday Friday; soybean futures are 12 to 14 cents higher; wheat futures are 13 to 20 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn futures are 4 to 5 higher at midday Friday; soybean futures are 12 to 14 cents higher; wheat futures are 13 to 20 cents higher. The U.S. stock market is mixed with the S&P 2 points higher. The U.S. Dollar Index is 65 points lower. The interest rate products are firmer. Energy trade is mixed with crude .60 lower with natural gas .11 higher. Livestock trade is mixed with hogs leading. Precious metals are mixed with gold off 35.00. CORN: Corn futures were 4 to 5 cents higher at midday with trade pressing back to fresh highs in broad, risk-on trade Friday morning with mostly firmer spread action. Ethanol margins continue to struggle with unleaded strength fading and corn holding the upper end of the range with colder weather likely to suppress driving demand. The daily export wire saw 100,000 metric tons (mt) sold to Colombia to close the week. Basis action should flatten out with cold weather likely to limit off-farm movement. On the March chart, the 20-day moving average at $4.89 is support with the fresh high at $4.99 3/4 as resistance. SOYBEANS: Soybean futures are 12 to 14 cents higher at midday with meal strength helping to carry trade back into the middle part of the range. Meal is 6.50 to 7.50 higher and oil is 65 to 75 points lower. South America weather pattern is likely to continue into the second part of the month with harvest to expand further. Basis is expected to remain flat to soft in the near term as the export window closes further. On the March chart, trade has resistance at the 20-day moving average at $10.50, which we are consolidating below, with the Lower Bollinger Band at $10.25 as the next level of support. WHEAT: Wheat futures are 13 to 20 cents higher at midday with pushing through the $6.00 area on KC and trade scoring fresh highs for the move with support from the weaker dollar in the short term as we get closer to overbought conditions heading toward the long weekend. Cold air with some snow is expected to work across the Plains until warmer weather returns at the end of the forecast. MATIF wheat is firmer to start after fading off the upper end of the range. On the KC March chart, support is the 20-day moving average at $5.83 with the fresh high at $6.20 as resistance. David Fiala can be reached at [email protected] Follow him on social platform X @davidfiala (c) Copyright 2025 DTN, LLC. All rights reserved.