DTN Closing Grain Comments    11/11 13:54
   Row Crops Mixed To Mostly Higher Wednesday In Quiet, Post-USDA Reports Trade

   Wednesday was a relatively slow trade across grain and oilseed futures, with
a notable and understandable drop in volume following Tuesday's USDA-centered
spike, with some traders likely stepping away from their desks in observance of
Veterans Day. The Holiday suspended most scheduled reports for Wednesday as
well, leaving little fresh news to drive prices other than USDA's updates in
Tuesday's reports, which leaned mostly bullish in their forecast changes.
Meanwhile, crops saw pressure both from a technical standpoint and from outside
markets, with a sharply higher U.S. dollar as interest rates surged in response
to this week's inflation data. At its Wednesday high, the U.S. Dollar Index
surpassed the previous 2026 high to reach the highest level since early April
of 2025. Crude oil futures were slightly stronger on Wednesday as negotiations
between the U.S. and Iran seem to have once again stalled, though there has
been a recent lull in reported strikes in the region as well. Lastly,
trilateral negotiations between Russia, Ukraine, and the U.S. concluded in Abu
Dhabi on Wednesday, and while details are slim, it doesn't appear to have
resulted in any major breakthrough towards ending the conflict in the Black Sea.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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