DTN Closing Grain Comments    04/01 13:48
   Grain Markets Start April Strong With Challenge of Chart Resistance s

   After somewhat head-scratching price action following Monday's onslaught of
USDA data, market sentiment was much clearer Tuesday with corn, soybeans, and
wheat all trading higher in apparent consensus to focus on the bullish aspects
of Monday's reports. The markets will have technical roadblocks to an attempted
rally and weather both in the U.S. and abroad will take an increased level of
precedence to the markets as planting season has arrived. In outside markets,
U.S. stocks continued choppy action on Tuesday ahead of Wednesday's
long-awaited announcement from the Trump administration regarding tariff
action. The announcement is expected at 3 p.m. CDT on Wednesday. Stock indices
noted two-sided trade on Tuesday as some investors are holding out optimism
that U.S. trade policy Wednesday will be precise and at least fill in some
unknowns that have had the market anxious over the past month plus. In biofuel
news, the Trump administration released over half a billion dollars for biofuel
blending initiatives on Monday, in the latest optimistic sign that the
administration has the biofuel industry in mind despite the uncertainty in the
industry through 2025 thus far.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 4 1/2 cents and July corn was up 5 cents. May soybeans
closed up 19 1/2 cents and July soybeans were up 21 cents. May KC wheat closed
up 8 1/4 cents, May Chicago wheat was up 3 1/2 cents, May Minneapolis wheat was
up 2 cents.