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DTN Closing Grain Comments 12/11 13:44
Row Crop Prices Aimless On Thursday Amid Declining Trading Volumes
Soybean futures alternated between marginal losses and gains multiple times
through Tuesday's session, ultimately settling slightly higher. Meanwhile, corn
and wheat futures were also very indecisive, with corn prices remaining in
prevailing price range, and wheat futures themselves mixed, with lower Kansas
City futures but higher Chicago and Minneapolis markets. In outside markets,
the Dow Jones Industrial Average has moved to new record highs on Thursday
following the interest rate cut by the Federal Reserve on Wednesday. Meanwhile,
energy prices provided some pressure to Ag futures on Thursday, with crude oil
futures lower for the third session out of the past four, hitting the lowest
price for most active futures since mid-October, which is among the lowest of
2025 as well.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
March corn closed up 2 1/4 cents and May corn was up 2 1/2 cents. January
soybeans closed up 2 1/4 cents and March soybeans were up 1 3/4 cents. March KC
wheat closed down 1 cent, March Chicago wheat was up 4 cents, March MIAX
Minneapolis wheat was up 1 cent.
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