DTN Closing Grain Comments    02/25 13:46
   Soybean Futures Stage Another Turnaround as November Highs Near

   What began as another mixed and dull trade for Wednesday saw soybeans again
gain bullish favor by late morning, shaking off overnight lows for the third
time this week and very close to challenging November highs on the May
contract. Corn futures were also able to move higher for the third time in the
past four sessions and back among the highs of the year thus far. Meanwhile,
wheat futures continue to slide on profit-taking directly tied to simmering
geopolitical concerns ahead of Thursday's continuation of negotiations between
the U.S. and Iran. Along those lines, crude oil futures were lower for the
third straight session, but remain among the highs of 2026 with risk premium
baked in. Equity markets continued their recovery of Monday's losses and
treasuries were quietly lower.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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