DTN Closing Grain Comments 12/09 13:57
9 Dec 2024
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.