DTN Closing Grain Comments    12/01 13:46
   Row-Crop Markets Kick Off December With Lower Tone

   Traders returned from the holiday break on Monday not quite ready to commit
to the bullish momentum that had been built through the low volume Thanksgiving
week. Corn, soybean, and wheat markets remain in areas of technical resistance,
and while seasonality leans in favor of the bulls, there are a few fundamental
concerns serving to keep a lid on prices, such as historically high corn
supplies and a still hazy export demand outlook for soybeans. In outside
markets, the U.S. dollar continued to slump back toward recent support near 99
on the index which held for Monday. Energy markets were higher for the most
part, with diesel prices catching themselves to close last week and start the
new week after falling sharply in the previous six sessions.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 2 3/4 cents and May corn was down 2 1/2 cents.
January soybeans closed down 9 3/4 cents and March soybeans were down 8 cents.
March KC wheat closed down 3/4 cents, March Chicago wheat was down 3 1/2 cents,
March MIAX Minneapolis wheat was down 2 cents.