DTN Closing Grain Comments    03/21 16:17
   US Ag Markets Trade Mostly Lower To Close Overall Directionless Week

   If I could only choose one word to describe this week's grain trade,
"uninspired" may be the choice, as markets were unable to move convincingly in
either direction as traders await more fundamental clues from the government.
Corn and soybean markets finished the week on a sour note as neither were able
to build off Thursday's upward momentum and instead erased those gains to close
the week. Meanwhile wheat futures found some stability to close the week, with
KC contracts managing to hold to meager gains following a two-day selloff which
put wheat prices more or less back to where they finished last week. Outside
markets Friday leaned negative as stock indices are lower as growth concerns
which echoed through the markets in the aftermath of Wednesday's Fed
announcement have worn on investors' minds to close the week. On the other
hand, the U.S. Dollar Index has found a three-day rally to close the week, as
the steady downtrend for the currency since mid-January has seemingly
stabilized for now ahead of the next tariff deadline on April 2.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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