DTN Closing Grain Comments    11/20 13:44
   Corn, Wheat Find Strength; Soybeans Falter During Midweek Trade

   Corn and wheat markets continued to find buying support halfway through the
week, while the soybean complex continued to struggle with the weight of "so
far, so good" weather in South America. Demand prospects remain very good,
especially for corn, but this has been shown to only take the market so far
with the U.S. balance sheet already showing a record for usage in 2024-25.
Trade policy concerns are also keeping a lid on the market, although to a
lesser degree this week compared to last week. The U.S. Dollar Index recaptured
its weekly losses Wednesday, which also pressured the soy complex. Overall, I
expect the market to continue its choppy behavior as, unfortunately for this
time of year, much of the market news available to trade is largely speculative
in nature.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed up 3 cents and March corn was up 2 1/4 cents. January
soybeans closed down 8 cents and March soybeans were down 9 1/4 cents. March KC
wheat closed up 3 1/4 cents, March Chicago wheat was up 4 1/2 cents and March
Minneapolis wheat was up 1 cents.