DTN Closing Grain Comments    12/12 13:44
   Continuation of Soybean Selloff Drags Corn to Weekly Losses

   The mostly bearish price action in row-crop futures on Friday was not unique
just to agricultural products, with heavy selling seen across macroeconomic
markets as well from equities to energies. In row crops, soybeans again led the
way lower as bears remain in full control of momentum currently; although the
market is becoming a touch oversold from a technical standpoint. Corn and wheat
markets were lower as well with corn lower on the soybean weakness and wheat
markets initially holding stubbornly to short gains were ultimately unable to
trade against the overarching bearish tone to close the week. Looking at
outside markets, essentially the only major indicator which was higher for
Friday was the U.S. Dollar Index, snapping a streak of two lower days primarily
due to higher Treasury yields.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 5 3/4 cents and May corn was down 5 1/4 cents.
January soybeans closed down 16 3/4 cents and March soybeans were down 16
cents. March KC wheat closed down 4 1/4 cents, March Chicago wheat was down 4
1/4 cents, March MIAX Minneapolis wheat was down 1/2 cents.