DTN Closing Grain Comments    02/24 13:48
   Corn and Soybeans Rangebound While Wheat Corrects in Quiet Tuesday Trade

   There was very little impactful news for Tuesday to drive prices. Soybean
futures appear to have found a comfortable range of liquidity with an early
attempt lower rejected by buyers who are still finding optimism in a firm
soybean oil market. Meanwhile, corn futures remain sluggish and confined to
their February price range with profit-taking in wheat through the week thus
far a source of spillover weakness. Outside markets for Tuesday saw recovery in
equities after an ugly start to the week on Monday. Energy markets remain
generally elevated relative to their 2026 range thus far but are treading this
week with the next round of U.S.-Iran negotiations upcoming on Thursday. In
other outside market news, President Trump's State of the Union address is
Tuesday evening at 8 p.m. CST, and investors will undoubtedly be tuned in to
hear comments regarding the U.S. economy, tariff situation, and more.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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