DTN Closing Grain Comments    12/10 13:44
   Soybeans Find Footing at Midweek While Corn, Wheat Futures Slide

   It was a reserved session across row-crop futures Wednesday as trading
volumes fell after a brief spike on Tuesday around the release of the December
WASDE report. For now, soybean futures have appeared to find buying interest
after USDA found few changes to speak of in Tuesday's report. Corn futures, in
the meanwhile, were unable to break free of bearish influence from the wheat
market, despite the corn market benefitting from the most-bullish revisions of
the bunch in Tuesday's report. Outside markets Wednesday were also quiet as
investors awaited the Federal Reserve interest rate decision, which to no
surprise was a quarter point cut in the target rate for the third straight
meeting. As a result, the U.S. Dollar Index was softer on the day, challenging
nearby support, while equities were higher, perhaps gearing up to again
challenge record highs set in late October/early November.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 3 3/4 cents and May corn was down 3 3/4 cents.
January soybeans closed up 4 cents and March soybeans were up 2 3/4 cents.
March KC wheat closed down 3 3/4 cents, March Chicago wheat was down 5 cents,
March MIAX Minneapolis wheat was down 1 cent.