DTN Closing Grain Comments    03/20 13:48
   Row Crops Close Week Lower on Profit Taking

   U.S. crop markets moved moderately lower Friday, likely due to position
squaring ahead of the weekend, perhaps due to increased caution after bearish
news last weekend led to a gap lower to begin trade Sunday evening and caught
long holders off guard. This is especially true given the quickly evolving
situation in the Middle East, with the conflict taking a crucial pivot this
week as energy infrastructure has been targeted in several countries. Crude oil
futures traded mixed through this week but are likely to remain supported as
the conflict is ongoing. Equity markets continue to grind lower through the
past month, with the Dow Jones trading to five-month lows this week on
increased inflation and recessionary concerns.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed down 4 1/4 cents and July corn was down 4 cents. May
soybeans closed down 7 1/4 cents and July soybeans were down 6 3/4 cents. May
KC wheat closed down 21 cents, May Chicago wheat was down 12 3/4 cents, May
MIAX Minneapolis wheat was down 15 3/4 cents.