DTN Closing Grain Comments    01/05 13:46
   Row-Crop Futures Continue Back-And-Forth Action With Bullish Monday

   It sure didn't take long for traders to return from holiday and swiftly
reject the ugly price action seen through the New Years week, with soybeans
leading the way with the strongest daily move for the March contract since Nov.
17. Corn and wheat futures were no exception to the buyer's market on Monday,
putting in strong daily moves higher as well. Outside markets on Monday were
mostly higher too, with energy stocks rising following the weekend U.S.
military operation in Venezuela. Safety investments such as gold were higher
also. Lastly, crude oil, gasoline, and diesel futures were all higher as for
the time being the market is not expecting a sudden influx of supply from
Venezuela following this weekend's regime shift, especially amid a pause in
output increases from OPEC members reported over the weekend as well.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 7 cents and May corn was up 6 1/2 cents. January
soybeans closed up 17 3/4 cents and March soybeans were up 16 1/4 cents. March
KC wheat closed up 5 3/4 cents, March Chicago wheat was up 6 cents, March MIAX
Minneapolis wheat was up 1/2 cents.