DTN Closing Grain Comments    01/26 13:46
   Wheat Futures Plunge in Risk-Off Monday Session

   Traders worked to remove weather related risk premium from U.S. wheat
markets on Monday, with the severe cold event forecast to improve by midweek
and decent snow cover across much of the U.S. leading to minimal crop damage
thoughts for now. Meanwhile, corn and soybean markets also relaxed from firm
closing prices on Friday, on a mix of negative influence from wheat as well as
technical pressure. Outside markets were mixed with the story of the day being
gold's record-breaking push over $5,000 per ounce for the first time ever on
Monday. Investors continue to pour money into the commodity amid heightened
geopolitical uncertainty, with markets now zeroing in on the possibility of
another government shutdown with funding set to expire on Jan. 30.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 2 1/4 cents and May corn was down 2 cents. March
soybeans closed down 6 cents and May soybeans were down 5 1/2 cents. March KC
wheat closed down 11 cents, March Chicago wheat was down 7 cents, March MIAX
Minneapolis wheat was down 5 1/4 cents.