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DTN Closing Grain Comments    12/02 14:09
   Grain Markets Open December With Choppy Price Action

   As some volume returned to the market following the Thanksgiving break,
trade decisiveness remains largely mixed as ag markets continue to chop within
their respective established ranges and at or near technical pivot points.
Outside markets leaned slightly negative as crude oil continued to leak lower,
and there was an upwards correction to the U.S. dollar which had been weakening
through last week after hitting two-year highs on Nov. 22. South American
weather also remains uneventful, as good rains have fallen in key soybean
growing areas to help bolster establishment. Northern Argentina corn, which is
currently pollinating, has also received good rains in the past seven days and
cooler temps which could prove helpful in reducing crop stress.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1/2 cents and May corn was down 3/4 cents. January
soybeans closed down 4 1/4 cents and March soybeans were down 5 cents. March KC
wheat closed down 1/4 cents, March Chicago wheat was down 3/4 cents and March
Minneapolis wheat was down 4 cents.
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