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DTN Closing Grain Comments 12/09 14:16
Row Crops Mixed Following Few USDA Adjustments in December Report
Tuesday's trade was centered around the release of USDA's December WASDE
report, which offered an updated look at U.S. crop balance sheets, specifically
to the demand outlook as we head into 2026. In typical December report fashion,
USDA kept adjustments to the minimum, likely not offering traders much that
wasn't expected as focus will likely shift back to factors such as technical
levels and demand speculation in forming price opinions. Outside markets for
Tuesday were mixed with a higher U.S. Dollar Index for the fourth straight
session, rallying near monthly support. Energy futures were lower on the day as
Ukraine will present a counterproposal for ending the war in the Black Sea
region.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 4 1/4 cents and May corn was up 4 1/4 cents. January
soybeans closed down 6 1/2 cents and March soybeans were down 7 1/2 cents.
March KC wheat closed up 1/2 cents, March Chicago wheat was down 1/4 cents,
March MIAX Minneapolis wheat was up 5 cents.
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