DTN Closing Grain Comments    02/19 13:52
   Ag Outlook Offers Few Surprises; Wheat, Soybean Oil Continue to Rally

   Row-crop futures were mixed Thursday with wheat and soybeans higher while
corn futures remained sluggish. USDA's early forecasts for 2026-27 were largely
as traders anticipated, featuring a switch from corn acres to soybean acres
expected to occur this spring. Otherwise, there was very little news Thursday
to break markets out of their weekly trends. Outside markets continue to
reflect increased risk surrounding tensions between the U.S. and Iran, with
crude oil futures hitting their highest mark since early August. Meanwhile, the
U.S. Dollar Index has strung together positive sessions this week to climb from
four-year lows hit in late January. The index has been resistant at 98 through
February, however.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1 1/4 cents and May corn was down 1/2 cent. March
soybeans closed up 7 1/2 cents and May soybeans were up 7 cents. March KC wheat
closed up 14 1/2 cents, March Chicago wheat was up 12 1/2 cents, March MIAX
Minneapolis wheat was up 8 1/2 cents.