DTN Closing Grain Comments    01/21 13:52
   Grain Markets Firm as President Trump Puts Off Tariffs For Now

   Ag markets were very strong out of the gate Tuesday, led higher by soybean
and wheat futures with the former finding strength following President Trump's
decision to forego implementing new tariffs during his first day in office
Monday, although the president did set a tentative date of Feb. 1 for tariffs
on Mexico and Canada, while refusing to give a timeline regarding any action
against China. This combined with last week's CPI data which singled out energy
costs as an inflation driver, had crude oil prices breaking following Trump's
pro-drilling statements. All in all, this has halted inflation fears at least
for the moment, with the U.S. dollar breaking hard toward 30-day lows, which in
turn supported wheat futures on their way to their highest prices in over a
month.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 5 3/4 cents and May corn was up 6 3/4 cents. March
soybeans closed up 33 1/4 cents and May soybeans were up 33 cents. March KC
wheat closed up 27 cents, March Chicago wheat was up 20 cents, March
Minneapolis wheat was up 21 cents.