DTN Closing Grain Comments    12/12 13:50
   Grain Markets Hit Technical Roadblock Following USDA-Spurred Rally

   It was an overall risk-off trading session for ag markets as corn traders in
particular took profits Thursday following a steady march higher through
December thus far, spurred on by supportive USDA balance sheet estimates. It
remains a risky time to be heavily long or short in ag commodities simply given
the number of unknowns in the equation that will remain largely unsolved until
early spring 2025 -- namely South American production. Outside markets were
mixed as the U.S. Dollar Index works toward a fifth consecutive session higher
as inflation in the U.S. showed a slight uptick year-over-year in this month's
Consumer Price Index release. Equity markets are also mixed following the S&P
500's surge to all-time highs last week.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

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