DTN Closing Grain Comments 11/14 15:14

DTN Closing Grain Comments 11/14 15:14 Grains Down Again Following Big Crop Estimates From Brazil's Conab The current week is proof that life happens fast in the world of the grain markets, just six days ago the ag commodity complex was full of cautious optimism regarding production cuts in the U.S. and very favorable demand prospects for U.S. commodities. Fast forward six days and the major U.S. row crops are yet to post a positive session for the week, as traders have now decided to focus on the impending supply woes rather than the silver lining of strong demand. To make matters more challenging for grain markets, Thursday also marked poor technical closes for markets which seemed to be feeling for bottoms for their moves in Wednesday's session. With Brazilian harvests still months away, we are likely just scraping the surface of supply speculation, and volatility will directly follow the weather in South America for the next three plus months. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: December corn closed down 7 1/2 cents and March corn was down 6 3/4 cents. January soybeans closed down 20 1/4 cents and March soybeans were down 19 1/4 cents. December KC wheat closed down 7 3/4 cents, December Chicago wheat was down 10 3/4 cents and December Minneapolis wheat was down 4 1/2 cents.