DTN Closing Grain Comments    01/23 13:45
   Historic Export Sales Lift Corn Futures as Wheat Braces For Weekend Freeze

   Friday was a generally positive close to a generally positive week for
row-crop futures. Corn futures showed bullish life and vastly improved the
technical situation for the March contract, thanks largely to a multi-year high
for corn sold in the export market during the week ended Jan. 15. Meanwhile,
wheat futures posted a double-digit gain on increased weather premium ahead of
this weekend's winter storm, with the March KC contract posting its highest
close since mid-November. Finally, soybeans also were positive on strong export
sales as well but also on continued spillover strength from the soybean oil
market. Outside markets to close the week leaned positive to agriculture
markets, with a softer U.S. dollar and firm energy markets -- eight out of the
past ten sessions higher for crude oil futures.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 6 1/2 cents and May corn was up 5 3/4 cents. March
soybeans closed up 3 3/4 cents and May soybeans were up 3 1/4 cents. March KC
wheat closed up 15 cents, March Chicago wheat was up 14 cents, March MIAX
Minneapolis wheat was up 1 1/4 cents.