DTN Closing Grain Comments    04/06 13:46
   Grains Hold Support in Quiet Start to Week

   Corn and soybean markets held stubbornly to near-term chart support to begin
the week, supported by a still uncertain and risky situation for energy markets
amid the ongoing conflict in the Middle East. Wheat futures broke lower again
to begin the week with traders pricing in added rainfall chances for the
Central and Southern Plains through the first half of April. Regarding the war
with Iran, President Trump has set a Tuesday evening deadline for Iran to
reopen the Strait of Hormuz or face strikes against energy and other
infrastructure such as bridges. Iran on Monday rejected the latest U.S.
ceasefire proposal, suggesting the two sides are still far apart on terms,
although President Trump did call the Iranian counterproposal a "significant
step." Oil futures held just above Thursday's elevated levels as traders await
the next development. Equity markets rose marginally to begin the week on
optimism for further peace talks.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   May corn closed up 1 3/4 cents and July corn was up 2 cents. May soybeans
closed up 3 1/4 cents and July soybeans were up 3 1/4 cents. May KC wheat
closed down 7 1/2 cents, May Chicago wheat was down 3 cents, May MIAX
Minneapolis wheat was down 2 1/4 cents.