DTN Midday Grain Comments     03/06 11:00

   Corn, Soybean, Wheat Futures All Higher at Midday Friday

   Corn futures are 3 to 4 cents higher at midday Friday; soybean futures are 
15 to 16 cents higher; wheat futures are 11 to 19 cents higher. 

David M. Fiala
DTN Contributing Analyst

MARKET SUMMARY:

   Corn futures are 3 to 4 cents higher at midday Friday; soybean futures are 
15 to 16 cents higher; wheat futures are 11 to 19 cents higher. The U.S. stock 
market is weaker at midday with the S&P 70 points lower. The U.S. Dollar Index 
is 30 points lower. The interest rate products are mixed. Energy trade is 
sharply higher with crude up 8.10 and natural gas is up .13. Livestock trade is 
mixed with hogs leading. Precious metals are firmer with gold 67.00 higher.

CORN:

   Corn futures are 3 to 4 cents higher at midday with trade pressing to fresh 
highs for the move as broad ag strength shows before seeing a little 
pre-weekend profit-taking. Ethanol margins should see further blender gains 
with the unleaded strength into spring. Basis will likely remains sideways in 
the short term. New-crop price ratios have held the range this week with 
fertilizer rises favoring soybeans. On the May chart, support is the 20-day 
moving average at $4.40 with fresh high at $4.58 3/4.

SOYBEANS:

   Soybean futures are 15 to 16 cents higher at midday with broad product 
strength as meal rebounds from Thursday. Meal is 5.50 to 6.50 higher and oil is 
30 to 40 points higher. South America should see little change in the short 
term as Brazil harvest rolls forward with some early shipping bottlenecks. 
Basis will likely remain flat barring a bigger shipping pace increase on 
catch-up China movement. On the May contract, chart support is $11.51 1/4, 
where we find the 20-day moving average, with the fresh high at $12.02 3/4 as 
resistance.

WHEAT:

   Wheat futures are 11 to 19 cents higher at midday with trade surging to 
another set of fresh highs for the move with the broad risk-on trade with KC 
continuing to hold the premium as May moves above $6.00 for both. Weather for 
the Plains looks to stay warm through this week with the moisture concentrated 
to the east into the weekend before broadening next week. Matif wheat is 
sharply higher Friday morning. On the KC May chart, support is the 20-day 
moving average at $5.68 with resistance the fresh high at $6.16 1/2.

   **

   Join DTN Lead Analyst Rhett Montgomery on March 10 at 12:30 p.m. CT for an 
expert breakdown and analysis of the latest March WASDE report. Rhett provides 
an unbiased reaction to USDA's report, including in-depth insights into corn, 
soy, wheat, and more. Plus, we'll look at other grain inventories and potential 
effects on commodity markets from weather events and more. Sign up for Rhett's 
webinar here: https://www.dtn.com/wasde-webinars

   **

   David Fiala can be reached at dfiala@futuresone.com

   Follow him on social platform X @davidfiala




(c) Copyright 2026 DTN, LLC. All rights reserved.