DTN Closing Grain Comments 12/02 14:09

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.