DTN Closing Grain Comments    03/05 13:44
   Crop Prices Head Higher as Risk-On Energy Rally Continues

   For Thursday, traders saw the need for added risk premium in commodity
markets, with wheat futures leading the way with another double-digit spike
back toward calendar year highs. That positively influenced corn futures as
well in tandem with another very strong round of export data released by USDA
on Thursday morning. Soybeans were higher and back toward early week highs for
the rally, with soybean oil providing bullish influence given the firm energy
sector. Meanwhile, in other outside markets, the Dow Jones Industrial Average
crashed again following a brief midweek reprieve from selling. Inflation and
high interest rates fears (as a result of high energy costs) are driving
investor sentiment, with the U.S. Dollar pressing higher and back towards 2026
highs as well.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 9 3/4 cents and July corn was up 9 1/4 cents. May
soybeans closed up 9 3/4 cents and July soybeans were up 9 1/2 cents. May KC
wheat closed up 20 cents, May Chicago wheat was up 15 1/2 cents, May MIAX
Minneapolis wheat was up 10 1/4 cents.