DTN Closing Grain Comments    02/06 14:00
   Wheat Markets Push Higher Thursday; Corn, Soy Markets Quiet

   Grain markets took a breather for the most part on Thursday with the
exception of wheat futures which were able to push higher without the negative
influence from the soybean complex that held that market in check Wednesday.
Overall, it feels like traders are awaiting end-of-week updates from South
American agencies on how crops in Argentina have fared over the past week, as
well as how harvest/planting is progressing in central Brazil. Outside market
influence on Thursday leaned negative with equity markets lower and the U.S.
Dollar Index catching itself for at least the moment to snap a two-day weaker
stretch. It is also worth noting that the Brazilian real since setting all-time
lows in December has posted an impressive turnaround following government
intervention there. This has most definitely aided soybeans in their price
rally over the past month as well.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 2 cents and May corn was up 2 3/4 cents. March soybeans
closed up 3 1/2 cents and May soybeans were up 3 1/2 cents. March KC wheat
closed up 15 3/4 cents, March Chicago wheat was up 15 1/2 cents, March
Minneapolis wheat was up 10 cents.