DTN Closing Grain Comments    02/11 14:03
   USDA Releases Mixed WASDE Report Tuesday

   The 11 a.m. CST drop of the February World Agricultural Supply and Demand
Estimates (WASDE) report by the USDA was, as some expected, an extremely quiet
affair. Still, the lack of bullish updates to U.S. balance sheets has taken
some wind out of the row-crop markets sails after a firm start to the session
ahead of the report. Traders will now spend the balance of the week digesting
the new information and choosing where to place price bets moving forward. In
outside markets, it was also a quiet day of mixed influence with equity markets
down slightly, but the U.S. Dollar Index also easing following three straight
days higher.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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