DTN Closing Grain Comments    11/14 14:24
   Mixed WASDE, Lack of Reportable Sales to China Drive Crop Prices Lower to
Close Week

   Row-crop futures moved sharply lower Friday following the release of new
USDA data including Crop Production and WASDE reports, along with a listing of
all reportable flash sales which went unreported due to the government shutdown
through October and early November. I would characterize Friday's reports as
mixed overall, with some undeniably bearish estimates but plenty of silver
linings to be found if looked for and discussed in further detail below.
Outside markets to close the week were choppy with crude oil turning higher
following Ukrainian attacks on Russian ports and the seizure of a tanker in the
Strait of Hormuz by Iran, where over a third of world crude shipments are
routed. Stock indices were mixed with tech-focused buying pushing the NASDAQ
and S&P500 higher while the Dow Jones Industrial Average slipped.


Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 11 1/4 cents and March corn was down 11 1/2 cents.
January soybeans closed down 22 1/2 cents and March soybeans were down 20 3/4
cents. December KC wheat closed down 10 1/2 cents, December Chicago wheat was
down 8 1/2 cents, December MIAX Minneapolis wheat was down 5 cents.