DTN Closing Grain Comments    10/31 14:02
   Row-Crop Markets Start Quiet, Turn Up to Close Bullish Week on High Note

   Corn, soy, and wheat markets bounced around Friday, trading on both sides of
even in what was for the most part a chance for traders to catch their breath
following a volatile week leading up to Wednesday evening's meeting between
President Trump and President Xi of China. It wasn't surprising on a holiday
Friday to see volume way down and a somewhat aimless trade as a result; but
eventually prices did catch and hold some steam into the close for a strong
finish to the week. It was none other than the soybean meal market that led the
turn higher with conviction, offering some late-session strength to the soybean
complex, despite heavily lower soy oil futures as traders continue to push the
long meal, short oil spread to the lowest spread per pound since mid-June.
Meanwhile, outside markets were fairly quiet as well, with the U.S. dollar
notably reaching 3-month highs, which may serve as a headwind to export
sensitive ag futures if the currency can break above resistance near 100 on the
index.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 1 1/4 cents and March corn was up 1/4 cents. January
soybeans closed up 7 1/2 cents and March soybeans were up 8 cents. December KC
wheat closed up 11 1/2 cents, December Chicago wheat was up 9 3/4 cents,
December MIAX Minneapolis wheat was up 2 1/2 cents.