DTN Closing Grain Comments    01/30 13:52
   Grains Lower Friday on Month-End Profit Taking

   Friday featured widespread selling pressure across ag and outside markets to
close the week, with row crop futures posting moderate losses to close what was
otherwise a mixed week for price action. Outside markets also saw profit taking
with sharp moves lower for equity markets as well as a notable reversal in gold
and silver. The U.S. dollar stabilized through the latter half of this week,
with the recovery from four-year lows accelerated on Friday by money flow out
of precious metals. Energy markets were also mixed on Friday after a firm week,
adding another headwind to ag futures heading into the weekend.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 2 1/2 cents and May corn was down 3 1/4 cents. March
soybeans closed down 8 cents and May soybeans were down 8 3/4 cents. March KC
wheat closed down 2 1/4 cents, March Chicago wheat was down 3 1/2 cents, March
MIAX Minneapolis wheat was down 3 1/4 cents.