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DTN Closing Grain Comments 04/25 13:50
4/25/2025 - 14:21:00
DTN Closing Grain Comments 04/25 13:50 US Grains Finish Week With Muted Friday Trade Agricultural markets were mixed across the board on Friday with no sizeable price shifts to speak of as trading volumes relaxed into the weekend. Corn futures inched higher following Thursday's technical rally, while soybeans and soybean oil prices eased back following strong sessions on Thursday. Wheat markets appear to have found support for the time being near contract lows, but wheat traders are keeping their fingers close to the sell button, so far not seeing any convincing developments to break out of their bearish bias. Outside markets were also quiet for Friday, with stock indices mixed, with the Dow Jones Industrial Average down but rallying off daily lows which were set following a low Consumer Confidence reading from the University of Michigan Friday morning. There remains an undertone of optimism behind the markets to finish the week, following positive trade-related reports, including rumors that the U.S. and Japan are close to a deal, which -- given Japan's importance to the U.S. as an agricultural customer -- has great potential to include purchases of U.S. grains as a part of any agreement. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: July corn closed up 1 1/2 cents and December corn was down 3/4 cents. July soybeans closed down 2 3/4 cents and November soybeans were down 1/2 cents. July KC wheat closed up 1/4 cents, July Chicago wheat was up 1/2 cents, July Minneapolis wheat was down 1 1/2 cents.