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DTN Closing Grain Comments 12/19 13:46
Search For Support Continues for Soybean Futures After Winless Week
Row-crop futures were mostly moderately lower to close the week, with little
fresh news to break the fall in soybean futures or encourage corn traders to
challenge nearby price resistance. In outside markets, energy futures were
mixed with higher crude oil and gasoline futures but sluggish diesel prices,
which contributed to the pressure on oilseed markets to close the week. Equity
markets were higher in quiet trade, with a higher U.S. Dollar Index as well for
the third straight session.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed down 3/4 cents and May corn was down 3/4 cents. January
soybeans closed down 3 cents and March soybeans were down 2 1/2 cents. March KC
wheat closed down 1 3/4 cents, March Chicago wheat was up 2 cents, March MIAX
Minneapolis wheat was up 5 cents.
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