DTN Closing Grain Comments    03/24 13:55
   Quiet Soy, Corn Markets Pressured by Tumbling Wheat Prices to Begin Week

   Monday's trade in agricultural markets picked up more or less where last
week left off, as corn and soybean markets traded both sides of even but within
a fairly narrow range. Wheat markets continued their decline, with Kansas City
futures posting a third down session out of the past four, despite growing
concerns regarding dryness in the Southern Plains and already poor crop
conditions in the Northern Plains. The weakness in wheat is likely stemming in
part from the rallying U.S. dollar, which is working toward a fourth
consecutive day higher. Stock indices were also higher to begin the week after
it was announced Monday morning that the Trump administration is expected to
take much more precise approach to tariff action on April 2, specifically
foregoing industry specific tariffs and focusing instead on a specific group of
countries for reciprocal measures.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 1/4 cents and July corn was up 1/2 cents. May soybeans
closed down 2 1/2 cents and July soybeans were down 2 cents. May KC wheat
closed down 10 3/4 cents, May Chicago wheat was down 10 cents, May Minneapolis
wheat was down 12 3/4 cents.