DTN Closing Grain Comments 12/09 13:57
Ag Markets Mostly Firm Monday as Traders Await USDA Data
Traders continue to place their bets on Tuesday's release from USDA, with a
bullish bias emerging regarding the corn balance sheet; sentiment regarding
soybeans is more mixed. There is of course always the possibility in the
December issue of the WASDE report that the government does nothing and chooses
to allow more of the equation to become known during the first months of 2025
before adjusting estimates. Outside markets were mixed to start the week with
equities correcting from last week's strong move higher, while the U.S. Dollar
Index and treasury yields also continued to drift lower from late November
peaks.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 1 3/4 cents and May corn was up 2 1/2 cents. January
soybeans closed down 3 3/4 cents and March soybeans were down 3 3/4 cents.
March KC wheat closed up 5 cents, March Chicago wheat was up 1 1/2 cents and
March Minneapolis wheat was up 6 3/4 cents.
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