DTN Closing Grain Comments    01/14 13:48
   Grain Markets Correct Slightly Tuesday Following Two Sharp Days Higher

   Ag markets had become very technically over-bought in the short term
following Friday's USDA release, with March soybeans moving north of 50 cents
higher and March corn over 20 cents higher in just two sessions. Given these
rapid jumps it is not surprising to see the market take a breather as both
markets are attempting to sort out what is fair value for the commodity given
the now-tighter U.S. balance sheets, but uncertainty on the world stage.
Outside market influence was also mostly negative Tuesday, with equity markets
continuing to drift lower and interest rates higher. Although the U.S. Dollar
Index did work to snap a five-day positive streak.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 2 cents and May corn was down 2 cents. March soybeans
closed down 5 1/2 cents and May soybeans were down 5 1/4 cents. March KC wheat
closed down 1/4 cents, March Chicago wheat was up 1 1/4 cents, March
Minneapolis wheat was down 4 cents.