DTN Closing Grain Comments    01/27 13:50
   Soybeans Rise; Corn and Wheat Mixed in Slow Tuesday Trade

   Tuesday was a very dull session in terms of news, with no pressing new
developments to drive trade either direction. Soybeans moved modestly higher
primarily on positive influence from the soybean oil market. Meanwhile, wheat
futures held technical support to stabilize following Monday's selloff, and
corn eased again from Friday's firm close, feeling for immediate support.
Outside markets were mixed to mostly supportive of agricultural commodities,
with firm energy markets and crude oil futures in particular challenging recent
highs near $62 per barrel. The U.S. Dollar Index fell to almost four-year lows
on Tuesday amid a resurgence in tariff anxiety over the past couple of weeks
combined with a recent softening of U.S. treasury yields over the past week.
The Federal Reserve will announce its next interest rate decision on Wednesday
afternoon. Currently the CME FedWatch tool calculates a 97.2% that the target
rate is held in its 3.5-3.75% range.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1 3/4 cents and May corn was down 1 1/4 cents. March
soybeans closed up 5 1/2 cents and May soybeans were up 5 1/2 cents. March KC
wheat closed up 3 cents, March Chicago wheat was up 3/4 cents, March MIAX
Minneapolis wheat was up 2 cents.